PBOC Cuts RRR & Interest Rates to Boost Growth, October LPR Forecasted to Drop
게시됨: Sep 29, 2024 07:35
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[SMM Steel Market Morning News: PBOC Synchronizes RRR Cuts and Interest Rate Cuts to Boost Stable Growth, October LPR Expected to Decline] The People's Bank of China (PBOC) simultaneously announced the reduction of required reserve ratios (RRR) and interest rates on September 27, deciding to lower the RRR for financial institutions by 0.5 percentage points from that day (excluding financial institutions that have already implemented a 5% RRR); the interest rate for seven-day reverse repo operations in the open market was adjusted from the previous 1.70% to 1.50%, a decrease of 0.2 percentage points...
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