This continues with their moves from earlier:
- PBoC announces cut to 7-day reverse repo rate to 1.70% from 1.80%
- China cuts 1 and 5 year loan prime rates by 10 basis points each
- PBOC to lower collateral for Medium-term Lending Facility (MLF) loans
This article was written by Justin Low at www.forexlive.com.
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