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home / news releases / CXSE - China Cuts 7-Day Reverse Repo Rate And Loan Prime Rates In Move To Support Growth

CXSE - China Cuts 7-Day Reverse Repo Rate And Loan Prime Rates In Move To Support Growth

WisdomTree China ex-State-Owned Enterprises Fund

2024-07-23 09:30:00 ET

Summary

  • The PBOC made its first rate cut since February, cutting the 7-day reverse repo rate 10 basis points to 1.7%.
  • Loan prime rates were also cut 10bp in a boost to growth.
  • Our current forecast is for the USDCNY to end the year around 7.26.

By Lynn Song

China cut its 7-day reverse repo rate and LPR by 10bp

The PBOC made its first major moves since announcing a shift in monetary policy framework

For further details see:

China Cuts 7-Day Reverse Repo Rate And Loan Prime Rates In Move To Support Growth
Stock Information
Company Name: WisdomTree China ex-State-Owned Enterprises Fund
Stock Symbol: CXSE
Market: NASDAQ
Website: www.wisdomtree.com
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