Rumors of Loan Prime Rate Cut Ahead of People's Bank of China Rate Setting
Monday, 19 February 2024, 04:31
Quiet FX Session Ahead of Holidays
Major FX pairs remained calm ahead of US and Canadian holidays.
Focus on China Markets Reopening
China reopens after the New Year holiday with attention on rate rumors.
Rumors of Loan Prime Rate Cut
Speculation arises following the People's Bank of China's decision to keep Medium-term Lending Facility rate unchanged.
Limited Market Movement
Chinese equity markets opened slightly higher but lacked sustained upward momentum. News and data flow remained light throughout the day.
Houthi Terrorist Attack in the Red Sea
Reports surface of a commercial vessel attacked by Houthi terrorists in the Red Sea, prompting the crew to abandon ship.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.