China’s rate cuts in response to coronavirus ‘too marginal’ to help

China’s rate cuts in response to coronavirus ‘too marginal’ to help

(*)(**)(***)The People’s Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repo rate to 2.(******************************************) per cent from 2.(****************************************) per cent, and cutting the (*********************************************)-day tenor to 2.(***************************************) per cent from 2.(*************************************) per cent previously. Photo: Reuters(****)(*****)(*****)(******)(******)(******)(******)(*******)
(********)The People’s Bank of China will lower the seven-day reverse repo rate to 2.(******************************************) per cent from 2.(****************************************) per cent, and cutting the (*********************************************)-day tenor to 2.(***************************************) per cent from 2.(*************************************) per cent(*********)
(********)On Monday, the central bank also injected a total of 1.2 trillion yuan (US$(**********************************) billion) into money markets through reverse bond repurchase agreements(*********)
(**********)(*****)(*****)(***********)(***)Topic |  
(************)Coronavirus outbreak(*************)(****)(**************)(***************)(****************)(***)(*****************)(******************)(*******************)(**************)(****)(****************)(****************)(***)(********************)(*****************)
Reuters
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(*************)(*************)(****)(****************)(*********************)(**********************)Published: 1: (**********************************************)pm, 3 Feb, (******************************)(***********************)(****)(*********************)Updated: 2: (*******************************************)pm, 3 Feb, (******************************)(****)(*****)(*****)(*****)(*****)(*****)(*****)(*****)(************************)(*************************)Read More(**************)

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