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It's a big day coming up in China - economic data and the monthly rate setting (MLF)

It's a big day coming up in China - economic data and the monthly rate setting (MLF)
The backdrop to the data due today and the monthly Medium-term Lending Facility (MLF) rates setting are the twin moves from the People's Bank of China on Thursday:China's PBOC have been busy: Cut its RRR, 'asked' banks not to buy dollars. Panicking?The PBoC set the MLF rate on the 15th each month. The PBOC's MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of China for a period of 6 months to 1 year, medium-term liquidity to commercial bank... Read More
Posted: Sep 15 2023, 00:40
Author Name: forexlive
Views: 091279

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