Chinese Mainland LPR Cut by 10bps Sparks Market Optimism
The Chinese mainland cut its one-year and over-five-year LPRs by 10bps to 3.0% and 3.5%, aiming to lower borrowing costs and boost market confidence.
Interest Rates
Read More
Federal Reserve Faces Pressure to Adjust Rate Hikes Amid Global Economic Shifts
Stephen Innes of SPI Asset Management highlights the Federal Reserve’s crucial role in global currency markets and the need to balance rate hikes to prevent a currency crisis.