News

China press: PBOC rate cut cannot be rule out – Global Times

With the Fed looking to cut rates despite low unemployment, China may take pro-active snd pre-emptive measures like granting loans at lower rates to small and medium-sized enterprises. The possibility of the People’s Bank of China (PBOC) cutting its benchmark interest rate cannot be ruled out as well, according to a commentary piece by Global Times, an English-language Chinese newspaper under the People’s Daily. 

The report also says that it is highly unusual for the Fed to lower interest rates at a time when the economy has been growing quickly and unemployment is low. 

Articles You May Like

GBP/USD erases daily losses and spikes toward 1.3000 after comments from EC resident
USD/JPY Price Eyes Multi-Month Low, Bearish Client Sentiment Grows
European shares end the session lower. Spain’s Ibex leads the way lower
Stocks lower but off worst levels at the close
Ichimoku Cloud Trading Strategy | Best profitable strategy for Crypto forex and stock market

Leave a Reply

Your email address will not be published. Required fields are marked *