China PBoC Interest Rate Decision declined to 3.8% from previous 3.85%

WTI Price Analysis: Defends $69.00 around two-week low

WTI crude oil traders lick their wounds near $69.20, down 1.55% intraday after refreshing the two-week low during early Monday. In doing so, the black
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China (PBOC) loan prime rate cut by 5bps

China loan rates for one-year are now at 3.80% after being cut from 3.85% and the five-year remains unchanged at 4.65%. More to come...
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