While speaking at a meeting on Tuesday, the People’s Bank of China (PBOC) Governor Yi Gang made the following comments, as cited by Reuters. The PBOC will continue to strengthen counter-cyclical adjustment and increase credit support to the real economy as it seeks to stabilize economic growth. The central bank would also guide real lending interest rates lower and promote the replenishment of bank capital. Earlier today, the PBOC cut the one-year Loan Prime Rate (LPR) 5 bps to 4.15% while lowering the five-year LPR to 4.80% from the previous 4.85%. USD/CNH: Better bid amid US-China political tensions 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 Ripple price analysis: XRP/USD $0.26 and $0.28 hurdles must come down FX Street 3 years While speaking at a meeting on Tuesday, the People's Bank of China (PBOC) Governor Yi Gang made the following comments, as cited by Reuters. The PBOC will continue to strengthen counter-cyclical adjustment and increase credit support to the real economy as it seeks to stabilize economic growth. The central bank would also guide real lending interest rates lower and promote the replenishment of bank capital. Earlier today, the PBOC cut the one-year Loan Prime Rate (LPR) 5 bps to 4.15% while lowering the five-year LPR to 4.80% from the previous 4.85%. USD/CNH: Better bid amid US-China political tensions 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.
