More Rate Cuts Expected as Novel Coronavirus Hurt China’s Economy Severely

<p>Earlier this week PBOC announced monetary easing measures to support the economy, in light of the severity of the novel coronavirus. Concerning the latest move, PBOC announced to cut the 7-day and 14-day reverse repo rate, each by -10 bps, to 2.4% and 2.55% respectively. The -10 bps reduction was more than the central bank’s [&#8230;]</p>
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