The Trader 

Market Outlook: People’s Bank of China cuts yet again

The Trader

As widely expected this morning China’s central bank cut its 1-year loan rate by 10 basis points to 4.05 per cent and the 5-year rate by 5 basis points. This is the key rate for lending to the very highest quality borrowers. Later today data for January’s new loans and M2 money supply will be released.

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