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The People's Bank of China conducted an unscheduled medium-term lending facility operation at steeply lower rates, its second surprise move that week. The operation followed the benchmark rate cuts announced on Monday.
The central bank appears to be increasing monetary stimulus to support the economy.
Additional liquidity support signals Beijing's intent to stabilize growth, which could eventually support Chinese feed and livestock demand. The effect on feed prices is indirect and depends on whether demand recovers.
reuters.com25 jul 2024Tras 398 eventos alcista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (56% al alza; mitad central entre -0,3 % y +0,5 %), y +0,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
