More from People’s Bank of China Governor Pan:
- will lower interest rates on structural policy tools by 25 bps
- will guide banks in reducing deposit rates
Earlier:
- PBOC Governor Pan says world is full of uncertainties – cuts rates
- PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
- People’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)
This article was written by Eamonn Sheridan at www.forexlive.com.