PBOC cuts one-year, five-year LPR by 10 basis points to 3.55%, 4.20% respectively – by anilpanchal7 PBOC China CentralBanks USDCNY InterestRate
Early Tuesday in Asia, the People's Bank of China cuts its benchmark Loan Prime Rates by 10 basis points , matching market expectations. That said, the one-year LPR was reduced from 3.65% to 3.55% while the five-year LPR currently stands at 4.20% from 4.30% previous readings.as it renews intraday low near 0.6843, down 0.10% on a day by the press time.is announced by the People´s Bank of China.
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTI Price Analysis: WTI challenges 20-day SMA ahead of PBoC decisionThe West Texas Intermediate (WTI) barrel trades with mild losses on Monday, nearing the 20-day Simple Moving Average (SMA) standing at $71.20. Eyes wi
Read more »
Fatal I-55 dust storm crash puts focus on Illinois farmersAdvocates say Illinois has failed at encouraging the types of planting methods that could stop fertile soil from being carried off fields by high winds or washed into waterways by rain storms.
Read more »
Daywatch: Fatal I-55 dust storm crash puts focus on Illinois farmersGood morning, Chicago. Here are some top stories to start your day: - Fatal I-55 dust storm crash puts focus on Illinois farmers - Mayor Brandon Johnson aims to resettle asylum-seekers from shelters - Which player grabbed attention in Bears OTAs?
Read more »
I-55 dust storm crash: Read the Tribune investigationRead the Tribune's three-part series into the I-55 dust storm crash that left eight dead and dozens injured.
Read more »
PBOC sets USD/CNY reference rate at 7.1201 vs. 7.289 previousPeople’s Bank of China (PBOC) set the USD/CNY central rate at 7.1201 on Monday, versus previous fix of 7.289 and market expectations of 7.1186. It's w
Read more »
AUD/USD rebounds from 0.6840 as RBA minutes and PBOC decision comes into pictureThe AUD/USD pair has shown a recovery move after a correction to near 0.6840 in the early European session. The Aussie asset has got strength as inves
Read more »