• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

China Introduces More Rate Cuts as Country Moves to Boost Economy

January 21, 2022 by Forex Winner Leave a Comment

China Introduces More Rate Cuts as Country Moves to Boost Economy

Source: Bloomberg

The People’s Bank of China has decided to slash the loan costs of its short-term policy loan a week after it reduced a key interest rate. MCHI is up 0.15% premarket.

  • The PBOC trimmed the overnight standing lending rate by 10 basis points to 2.95% based on a central bank statement dated January 17.
  • Both the seven-day and one-month rates were also cut down by 10 basis points each, effective January 17.
  • The standing lending facility rate is less popular as only lenders can apply for such funds, with the operations only disclosed at the start of every month.
  • The rates were introduced in 2013, moving in tandem with key policy rates. The SLF, however, is considered at the upper bound of China’s interest rate corridor.
  • The PBOC earlier lowered its one-year policy loan rate by 10 basis points to 2.85%, the first rate cut in nine months since April 2020.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Hot Forex

HotForex Review

November 10, 2019 By Forex Winner

alpari

Alpari Review

January 2, 2020 By Forex Winner

forex.com

Forex.com Review

April 17, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure