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The People's Bank of China lowered the interest rate on 700 billion yuan of one-year medium-term lending facility loans by 10 basis points to 2.85% from 2.95%. Analysts said the move pointed to further monetary easing ahead.
Monetary easing aimed at supporting growth can lift Chinese livestock and feed demand over time, though the direct effect on grain prices is limited.
reuters.comJan 17, 2022After 31 past bullish policy events, Chinese Yuan (CNY per USD) moved a median -0.2% over 5 sessions (42% higher; middle half -0.4% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
