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.
Recent Posts
Categories
Related Articles
AUD/USD continues to set its sight on the December high as RBA reiterates hawkish stance
Despite all the ups and downs this year, the pair had been...
RBA leaves cash rate unchanged at 4.35%, as expected
Prior 4.35%Latest data does not change previous assessment that policy is restrictive...
GBP/USD remains near 1.3350, close to its 31-month highs
GBP/USD extends its winning streak for the fifth consecutive session, trading around...
Gold price refreshes all-time peak amid bets for more Fed rate cuts, geopolitical risks
Gold price (XAU/USD) extends its consolidative price move for the second straight...
Leave a comment