The Bank of England maintains its benchmark rate at 0.5% and does not add on to its asset purchase program.
The PBOC cuts interest rates by 25 basis points.
The PBOC cuts interest rates by 25 basis points.
S&P 500 futures pop, +0.7% after the China rate cut. Europe on the move too, the Stoxx 50 +1.1%. Crude moves from red on the day to +0.3%. The Australian dollar pops 60 pips, now threatening parity with the greenback again. The rate cut was not totally unexpected as many had been anticipating a move in June
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