
The People's Bank of China cut its one-year medium-term lending rate from 3.15% to 2.95% and lowered the reserve requirement ratio by 50 basis points, releasing roughly $42 billion into the banking system. The yuan weakened as a result, and the 10-year government bond yield fell to around 0.04%.
The moves were timed ahead of the first-quarter GDP release.
Monetary easing supports Chinese economic activity and feed demand over time, but lower rates weaken the yuan, which tends to make dollar-priced imports like soybeans and corn more expensive for Chinese buyers.
Setelah 398 peristiwa makro bullish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (56% lebih tinggi; separuh tengah -0,3% sampai +0,5%), dan +0,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.