In “Significantly Great News” China Parts Ways With Yellen, Refuses To Hike, For Now
zerohedge.com / by Tyler Durden / Jun 15, 2017 7:59 AM
When the Fed last hiked rates by 25bps in March, China’s central bank followed suit almost immediately by engaging in a “soft” hike, raising the rate on its various reverse repo operations by 10bps
But not this time: when the PBOC announced its daily reverse repo operation last night, which saw a net injection of CNY 90 billion in the market, traders were only looking at one thing: whether the PBOC would again raise rates on its various reverse repos. It did not, and as we remarked last night, the PBOC instead kept all open market operation rates unchanged at 2.45%; 2.6%; 2.75% for 7/14/28 day repo.
The post In “Significantly Great News” China Parts Ways With Yellen, Refuses To Hike, For Now appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/06/15/in-significantly-great-news-china-parts-ways-with-yellen-refuses-to-hike-for-now/
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