Copper prices opened higher after a slow recovery in the week ending January 26. The US dollar briefly exceeded 103 as expectations of a recent interest rate cut by the Federal Reserve weakened, weighing on copper prices. Chinese A-shares hit record lows in the first half of the week, which depressed domestic macroeconomic sentiment. The People’s Bank of China (PBOC) unexpectedly announced a reserve requirement ratio cut in advance to restore market confidence.
Jan 29, 2024 11:52
The People’s Bank of China (PBOC) today conducted a 301 billion yuan 7-day reverse repurchase operation, and the winning bid rate was 1.8%, flat as before.
Aug 23, 2023 16:33
The People’s Bank of China (PBOC) conducted a 34 billion yuan 7-day reverse repurchase operation today, and the winning bid rate was 1.80%, flat as before.
Aug 21, 2023 18:19
The People’s Bank of China (PBOC) conducted a seven-day reverse repurchase of 2 billion yuan and lowered the rate by 10 basis points to 1.9% on June 13, the first reduction in the rate since August 2022.
Jun 15, 2023 16:20
The People’s Bank of China (PBOC) conducted a 2 billion yuan 7-day reverse repurchase operation today.
Jun 2, 2023 11:48
The People’s Bank of China (PBOC) conducted a 2 billion yuan 7-day reverse repurchase operation today, and the winning bid rate was 2.00%.
May 10, 2023 17:16