The People’s Bank of China (PBOC) has skipped open market operations, keeping the seven-day borrowing cost unchanged at 2.55% a day after the US Federal Reserve (Fed) cut interest rates by 25 basis points. The PBOC hasn’t mirrored the Fed move since early 2008. The central bank last cut rates in 2015. Economists expect the PBOC to lower the cost of the 7-day reverse repo by the end of September, according to Bloomberg. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price prediction: BTC/USD bulls face healthy resistance at $10,075 – Confluence Detector FX Street 4 years The People's Bank of China (PBOC) has skipped open market operations, keeping the seven-day borrowing cost unchanged at 2.55% a day after the US Federal Reserve (Fed) cut interest rates by 25 basis points. The PBOC hasn't mirrored the Fed move since early 2008. The central bank last cut rates in 2015. Economists expect the PBOC to lower the cost of the 7-day reverse repo by the end of September, according to Bloomberg. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
