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ICYMI - People's Bank of China rate cut overnight (that's two rate cuts in one day)

Here's the first rate cut - on Tuesday the PBOC cut its repo rate:People's Bank of China cuts 7 day Reverse repo rate to 1.90%, from 2%And, the second cut - the Bank followed up with another cut overnight, lowered the interest rates on its standing lending facility (SLF) by 10 basis points:the rate on the overnight SLF was reduced to 2.75% (from 2.85%)the rate for the seven-day SLF fell to 2.9% (from 3%)that for the one-month SLF was cut to to 3.25% (from 3.35%)Another rate cut from the PBOCis... Read More

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Posted: Jun 13 2023, 20:13

Author Name: forexlive

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