PBOC may cut RRR, lift MLF and reverse repo yields - China Press

Joshua Gibson FXStreet

The China Securities Journal, a financial column sponsored by the state-run Xinhua News Agency, is reporting that the People's Bank of China (PBoC), may be getting ready to make some key rate adjustments.

Key highlights

China Securities Regulatory Commission (CSRC) may approve around 300 billion yuan in funds for the Chinese Depositary Receipt (CDR) today.

PBoC planning to cut the Reserve Requirement Ratio (RRR) for 'some' banks, to help repay the Medium-term Lending Facility (MLF).

PBoC may also raise yields of RRs and MLFs in the 'near future'.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

GBP/USD regains 1.3450 as USD shrugs off Iran risks

EUR/USD inches higher to near 1.1450 despite Mideast tensions

Gold extends fragile recovery from monthly low

Ethereum remains fragile underneath the surface despite outperformance

Ethereum's outperformance over the past week shows it's gaining relative strength against other top cryptocurrencies, but under the surface, key metrics indicate its rise remains fragile. Between last week and Wednesday, ETH recorded double-digit gains, outperforming fellow crypto majors Bitcoin, XRP, and Solana, before the broader market began to correct on Thursday.

Pepe Price Forecast: Bullish metrics signal potential trend reversal

Pepe edges higher, maintaining a near-term recovery tone seen over the last three weeks. Risk appetite among large wallet investors for PEPE is rising, amid declining supply available on exchanges. Retail demand is also increasing, with PEPE futures Open Interest up 11% in 24 hours.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.