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China announces surprise interest rate cuts

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 23, 2015.

  1. ForexLive

    ForexLive Forum Member

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    PBOC cuts 1 year rate by 25bps and cuts RRR by 50bps - Cuts 1 yr deposit rate by 25bps to 1.50% - Cuts 1 yr lending rate to 4.35% - Will cut RRR by additional 50bps for qualifying institutions AUDUSD takes a leap to 0.7297 from around 0.7260

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