Free Trial

Just worth flagging that today's 5bp cut to...>

CHINA
CHINA: Just worth flagging that today's 5bp cut to the rate applied to the
PBoC's 14-Day reverse repo ops was the first cut to the rate applied to that
tenor of ops since Feb 2016 (which saw a 30bp cut and resulted in a low of 2.40%
for the rate applied to that tenor of ops).
- N.B. There were 10bp hikes in February & March 2017, a 5bp hike in Dec 2017 &
a 5bp hike in April 2018.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.