PBOC lowers one-year lending rate to 4.20% vs. 4.25% previous
|The People’s Bank of China (PBOC) slashed it monthly one-year lending rate (LPR) to 4.20% vs. 4.25% previous.
Meanwhile, the Chinese central bank set the 5-year LPR unchanged at 4.85%.
The AUD/USD pair fails to benefit from the above headlines that suggests some stimulus from China, in terms of cheaper borrowing. The spot keeps its range below 0.68 handle amid Mid-East flare up and renewed US-China trade worries.
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