PBOC cuts 7-day Reverse repo rate from 2.0% to 1.90% PBOC CentralBanks USDCNY
cut by the People’s Bank of China , the Chinese central bank cut the 7-day Reverse repo rate from 2..0% to 1.90% on Tuesday.
Analysts at Nomura noted, “We believe the cut in banks’ deposit rates sends a strong signal that the PBOC is paving the way for a cut in benchmark lending rates to guide down LPR.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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