Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes

#42073
Truman
Participant

Rate cuts from the PBOC: 1-Year MLF loans rate to 2.75% from 2.85%, repo rate cut also

The PBOC has cut the rate it charges on its one-year medium-term lending facility to 2.75% from 2.85% previously

PBOC sells 400bn yuan 1-year MLF AT A LOWER RATE

The Bank also cut the rate on 7-day reverse repos to 2%, from 2.1% previously

China’s economy is struggling with:

Ongoing fresh COVID flare-ups & associated restrictions and lockdowns
Job security worries
Deepening property crisis making borrowers wary of more debt