PBOC raise SLF rates – Livesquawk

by | December 14th, 2017, 08:59:52 | Central Banks, PBOC | 0 comments

PBOC raise SLF rates – Livesquawk

More rate action from the PBOC

Citing sources via Reuters. The PBOC have been tinkering with various rates since the Fed hiked last night.

Earlier they hiked the 7 day reverse repo by 5bp to 2.50%, 1yr MLF rate by 5bp to 3.25% and injected 288bn yuan via the 1yr MLF. They said;

  • The upward adjustment of interest rates reflects supply and demand in the market
  • Rate rise is a normal market reaction to Fed’s rate increase

 

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Latest posts by Ryan Littlestone (see all)

Pin It on Pinterest