September 27, 2024 at 01:47PM
The PBOC continues to deliver on easing.
The SLF cuts are to the overnight, seven-day and one-month facility to 2.35%, 2.50% and 2.85%, respectively.
Between this and the PCE report, risk assets are jumping.
This article was written by Adam Button at www.forexlive.com.
China cuts borrowing cost of standing lending facility by 20 bps