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Are Chinese Rate Cuts an Ominous Sign?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    China once again took measures to stimulate the economy which was a surprise to the market. The PBOC are worried about a slowdown in China’s economy, but this is at odds with the latest GDP figures. Does the PBOC know something about the direction of the economy that we don’t? Late on Friday, China announced it was cutting interest rates for the sixth time in a year. One year deposit rates were cut by 25 basis points to 1.50%, with one year lending rates cut by the same amount to 4.35%. The

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