
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.
過去の強気なマクロイベント398件の後、中国人民元(1 USDあたりCNY) は5営業日で中央値 +0.0% 動き(56% が上昇。中央50%は -0.3% から +0.5%)、20営業日では +0.0% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。