PBoC leaves its 1-year MLF rate steady at 2.0% – BBH
Source Fxstreet
As was widely expected, the People’s Bank of China (PBOC) left its 1-year medium-term lending facility (MLF) rate steady at 2.0%, BBH's FX analysts report.
China’s economy is still struggling to escape a deflationary spiral
"More easing is in the pipeline as China’s economy is still struggling to escape a deflationary spiral. However, the growth outlook will remain unimpressive as long as policymakers fail to address the root cause of weak consumption spending activity: low household income levels, high precautionary savings, and high levels of household debt."
"China’s annual 'Two Sessions' National People's Congress meeting begins March 5. While detailed policy announcements are not expected, the sessions provide a valuable insight into the government’s fiscal and growth objectives."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Dogecoin, XRP, or OFFICIAL MAGACOIN? Which Crypto Has 15,800% Potential?As we approach March 2025, the cryptocurrency market is buzzing with speculation about which tokens could deliver astronomical returns. Three contenders stand out: Dogecoin (DOGE), the original meme coin; XRP, backed by Ripple’s institutional partnerships; and THE OFFICIAL MAGACOIN, a newcomer with explosive presale momentum. Each represents a different facet of the crypto ecosystem – […]
As we approach March 2025, the cryptocurrency market is buzzing with speculation about which tokens could deliver astronomical returns. Three contenders stand out: Dogecoin (DOGE), the original meme coin; XRP, backed by Ripple’s institutional partnerships; and THE OFFICIAL MAGACOIN, a newcomer with explosive presale momentum. Each represents a different facet of the crypto ecosystem – […]
EUR/USD gives up most of its intraday gains after revisiting the one-month high near 1.0530 in Monday’s European session.
Low-income Americans probably won't see any checks from Elon Musk's new dividend plan.
Crypto market shaves off $230 billion as Trump's tariff on Mexico, Canada weighs on Bitcoin and altcoinsBitcoin (BTC) fell below $92,000 on Monday, stretching the crypto market's decline by 8% following US President Donald Trump's expectations for US tariffs on Mexico and Canada to begin on March 4.
Bitcoin (BTC) fell below $92,000 on Monday, stretching the crypto market's decline by 8% following US President Donald Trump's expectations for US tariffs on Mexico and Canada to begin on March 4.
Gold price (XAU/USD) ticks lower during the Asian session on Tuesday and erodes a part of the previous day's gains to a fresh all-time peak.
