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China announces surprise interest rate cuts

ByRyan Littlestone

Oct 23, 2015

PBOC cuts 1 year rate by 25bps and cuts RRR by 50bps
– Cuts 1 yr deposit rate by 25bps to 1.50%
– Cuts 1 yr lending rate to 4.35%
– Will cut RRR by additional 50bps for qualifying institutions
AUDUSD takes a leap to 0.7297 from around 0.7260

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  3. Fed’s Brainard says There are Some Aspects of U.s. Outlook That are Encouraging
  4. *Japan Sep Capacity Utilization Up 1.5% Vs. -0.9% In August

By Ryan Littlestone

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