Following on yesterday's "...China to cut rates, but will it 'go big'?", the answer was no.
From FX Street, August 21:
On Monday, China's central bank, the People’s Bank of China (PBOC), lowered the one-year Loan Prime Rate (LPR) to 3.45% from 3.55% previous and 3.40% expected. That said, the Chinese central bank kept the five-year LPRs unchanged at 4.20%.
It's worth noting that the PBoC previously cut the Medium-term Lending Facility (MLF), Standing Lending Facility rates (SLFs) and the the Reverse Repo Rates to infuse liquidity into the world's second largest economy....
....MUCH MORE
