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People's Bank of China is expected to cut loan rates next week

People's Bank of China is expected to cut loan rates next week
Earlier this week we had rate cuts from the People's Bank of China:People's Bank of China set MLF rate at 2.5%, big cut from prior 2.65%The People’s Bank of China cut the reverse repo rate from 1.9% to 1.8%.ICYMI: China with three rate cuts in one day to try and bolster the economyComing up on Monday August 21 we get the Loan Prime Rate setting from the People's Bank of China, this'll happen around 0115 GMT, which is 9.15 pm Eastern Time Sunday US time. The MLF rate is a benchmark interest rate... Read More
Posted: Aug 18 2023, 02:23
Author Name: forexlive
Views: 111624

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