The PBOC has cut rates on its 14 day reverse repo to 2.35% (from 2.55%)

18/06/2020 | 01:25 GMT

A rate cut from China - that's a hefty cut from the Bank

Another central bank rate cut. Aimed at supporting economies in the wake of the coronavirus outbreak and containment response.

The impact 'should' be supportive for risk assets.

ADVERTISEMENT - CONTINUE READING BELOW

Top Brokers

Sponsored

General Risk Warning

Vantage

Open Account

ADVERTISEMENT - CONTINUE READING BELOW

Telegram Community

Gain Access

Charitable giving plans lag; only 18% plan to donate twice. Inflation & cuts impact donations, despite tax incentives.

Associated Press Finance

21m ago

US crypto products see $952M outflow amid regulatory delays. ETH leads, BTC follows. Solana & XRP buck trend. Traders eye $100K BTC.

decrypt

24m ago

Nvidia eyes China AI chip sales pre-Lunar New Year; 5k-10k modules planned. Govt. approval key; timeline uncertain.

Reuters

26m ago

Poland's FDI dips 56% to 1.6% of GDP, but total stock hits €332B. Turkish firm FAF Global expands rapidly, citing business-friendly climate & skilled workforce.

Euronews

28m ago

BTC & ETH options expiry: $27.4B at stake! Max pain at $96K BTC, $3.1K ETH. Bullish bias, but DVOL at 45% hints contained volatility.

CoinDesk

31m ago

Bitcoin margin longs hit 72.7K BTC on Bitfinex, highest since Feb. Leverage buildup suggests BTC hasn't bottomed yet.

CoinDesk

33m ago

Gold tops $4,400, silver hits record high on rate cut hopes & geopolitical fears. Traders eye inflation hedge.

Reuters

36m ago

Telegram Community

Gain Access

Must Read

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}