Forex
globalreutersSeptember 24, 20241 Mins read
People’s Bank of China will soon cut 7-day reverse repo to 1.5% from 1.7%
globalreutersSeptember 24, 20241 Mins read There is a press conference underway re support for the economy:
PBOC Gov has announced the Bank will cut RRR and mortgage rates:
Also announcing now that the 7-day RR will be cut to 1.5%, from its current 1.7%.
- also, down payments for second homes will be cut to 15% from 25%
- will create new tools to support stable development of stock market’
Pan Gongsheng, People’s Bank of China governor
This article was written by Eamonn Sheridan at www.forexlive.com.
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