The PBOC has cut the 7 day reverse repo rate to 2.5% (from 2.55%)

Author: Eamonn Sheridan | Category: Central Banks

A small rate cut in China, fits into the stimulus story out of the country

Should translate as a positive input for risk, at the margin.

We've recently seen the one year MLF rate with a small cut also.
later this week we'll get the prime rate announcement (due Wednesday) - I'll have more on this coming up. 




ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose