June 20, 2022 - 12:57 PM 270 views
During Monday's announcement, the People's Bank of
China (PBOC) held its major monetary policy rates, namely the Loan Prime Rates
The Chinese central bank has maintained the 1-year
and 5-year LPRs at 4.45 percent and 3.7 percent, respectively, in line with
The event received no significant reaction because
markets had already anticipated no change in the PBOC's monetary policy. Even
so, by press time, the AUD/USD exchange rate was hovering around 0.6950.
the PBOC's Interest Rate Decision
The People's Bank of China announces its interest
rate decision. It is beneficial, or bullish, for the CNY if the PBoC is hawkish
about the economy's inflationary prospects and raises interest rates.
Similarly, if the PBoC has a dovish outlook on the Chinese economy and
maintains or lowers the interest rate, it is negative, or bearish.
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