Another rate cut from the People's Bank of China, 14 day reverse repo to 1.95% from 2.15%From China so far today:
Buried in amongst that lot (the reference rate post) is the news of another rate cut from the Bank:
PBOC sets 14 day RR rate at 1.95% vs. 2.15% previously
- we haven't had a 14-dayer in many months
Still on the way from China is the economic data for August:
The PBoC cut its RRR yesterday, which may be a sign the data will not be as good,as expected:
Pan Gongsheng is People's Bank of China governor
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Another rate cut from the People's Bank of China, 14 day reverse repo to 1.95% from 2.15% (https://www.forexlive.com/centralbank/another-rate-cut-from-the-peoples-bank-of-china-14-day-reverse-repo-to-195-from-215-20230915/)
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