-
China cuts key lending rates to support growth
China cut benchmark lending rates as anticipated at the monthly fixing on Monday (Oct 21), following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 per cent from 3.35 per cent, while the five-year LPR was cut by the same margin to 3.6 per cent from 3.85 per cent previously. The lending rates were last cut in July. People's Bank of China (PBOC) Governor Pan Gongsheng told a financial forum last week lending rates will decrease by 20 to 25 basis points on Oct 21. The PBOC announced ... (full story)
- Comments
- Subscribe
-
- Older Stories
From fxdailyreport.com|Oct 21, 2024Gold prices continue the bullish movement and print new record highs which is expected. The price will continue the bullish movement and traders will wait for a bearish ...
From westpac.co.nz|Oct 20, 2024New Zealand inflation has dropped back inside the RBNZ’s target band for the first time since 2021. Consumer prices rose 0.6% in the September quarter. That saw the annual ...
From theguardian.com|Oct 20, 2024video Hundreds of Beirut residents fled their homes on Sunday night as blasts were heard across its southern suburbs after Israel’s military said it was preparing strikes on ...
-
- Newer Stories
From bnnbloomberg.ca|Oct 21, 2024video Gold topped $2,700 an ounce for the first time as concerns over escalating conflicts in the Middle East and a tight US election race prompt investors to flock to safety. ...
From fxempire.com|Oct 21, 2024The US dollar index dropped on Friday after hitting the critical resistance at $103.90. The housing sector also showed signs of weakening, with the latest data revealing a drop in ...
From destatis.de|Oct 21, 2024The producer prices of industrial products were 1.4% lower in September 2024 than in September 2023. In August 2024, the year-on-year change rate stood at -0.8%. The Federal ...
- Story Stats
- Posted: Oct 21, 2024 12:36am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,669
- Linked events:
