Reactions to China’s Central Bank Cuts to Short, Long-Term Rates

Quick Summary:

The PBOC cut rates on its seven-day reverse purchase agreements, leading to a similar drop in its loan prime rates (LPR), pulling bond yields down across the curve

The post Reactions to China’s Central Bank Cuts to Short, Long-Term Rates appeared first on Asia Financial.

This relatively short timeframe indicates that China needs to do more to grow the pie further in order to build a high-standard socialist market economy.“The next key event to watch is reserve requirement ratio (RRR).

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Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaFranceSingaporeThailand

Topics: World Fintech Markets Market Insights ESG Regions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 09:24:35 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 967 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Asia Financial

News ID: 21725727

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