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PBOC is expected to set the USD/CNY reference rate at 7.1550 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.1550 – Reuters estimate
The People's Bank of China cut rates twice yesterday:ICYMI - People's Bank of China rate cut overnight (that's two rate cuts in one day)Another rate cut from the PBOCis expected on Thursday:Nomura cites a "strong signal" for a cut to MLF rate this week and the LPR next weekChina state-controlled financial media says PBOC may cut MLF rate by 5 to 10 bp this week This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Jun 14 2023, 00:23
Author Name: forexlive
Views: 110638

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