Chinese state banks will cut deposit rates on Tuesday

Forex Short News

Chinese state banks will cut deposit rate on Tuesday according to Reuters.

Recall the PBoC cut rates on May 7:

  • Cut Reserve requirement ratio by 50 basis points
  • Cut the policy interest rate by 10bps
  • Cut standing lending facility rate by 10 basis points

Along with other rates

This article was written by Greg Michalowski at www.forexlive.com.