The People's Bank of China reduced key interest rate to 6.00%

Note: This section contains information in English only.
Source: Reuters
The central bank of China reduced its interest rate twice during two-month period.The decision followed the ECB announcement about the interest rates cut. China's benchmark interest rate was lowered to 6%, whereas deposit rates were sent down to 3%. Proposed lending rates will be applied since Friday 5th of July. Moreover, China has reduced the RRR three times since November 2011, injecting additional 1.2 trillion Yuan in the economy.



Back to articles

Actual Topics

Thu, 05 Jul 2012 15:35:42 GMT

Crude oil rallies on Norway supply concerns

Brent and crude oil futures soared in European afternoon session on Thursday amid escalated worries over tightening supplies from Norway. From the demand side, energy commodities gained momentum as China reduced its core interest rate to 6.00%. Light, sweet crude oil futures for August delivery traded at USD88.74 per barrel on the New York Mercantile Exchange, soaring by 1.1%.

Thu, 05 Jul 2012 16:39:40 GMT

European markets steady ahead of ECB and BoE meetings

On Thursday, the stocks on European markets were almost unchanged ahead of the  ECB and the Bank of England meetings as well as Spain and Ireland's auctions. Traders awaited freash easing measures from the ECB and BoE. The Stoxx Europe 600 index stood at 257.41, with financials, oil, food and drug sectors facing strong pressure.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.