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PBOC is expected to set the USD/CNY reference rate at 7.1282 – Reuters estimate

Its been a huge week in China.3 policy rates cut:PBOC 1 year MLF rate cut to 2.65% (prior 2.75%), as widely expectedICYMI - People's Bank of China rate cut overnight (that's two rate cuts in one day)Fuel price cuts:China cut the retail prices of gasoline and diesel from Wednesday, the 6th cut this yearAnd there is more stimulus to come. The Bank is expected to cut Loan Prime Rates next week. This is scheduled for Tuesday the 20th. Current LPRs are: 3.65% for the one year4.30% for the five yearAn... Read More

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Content Topics

Pboc

Expected

Usd

Cny

Reference

Rate

1282

Reuters

Estimate

Usd cny

7 1282

Forex

Posted: Jun 16 2023, 00:18

Author Name: forexlive

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