Its been a huge week in China.
3 policy rates cut:
Fuel price cuts:
And there is more stimulus to come. The Bank is expected to cut Loan Prime Rates next week. This is scheduled for Tuesday the 20th. Current LPRs are:
- 3.65% for the one year
- 4.30% for the five year
And even more …
All while the yuan has been sliding, up until yesterday at least: