China’s central bank last week cut the interest rate on its medium-term funding for financial institutions, marking its third policy rate change in three days amid efforts to support the slowing economy through renewed monetary loosening.

How do these moves affect the future outlook for markets in China and globally?

Another big decision will be made tomorrow regarding the loan prime rate. Can we also expect the central bank to make cuts on that front?

On Money in the Market, Emaad Akhtar speaks to David Finnerty, FX/Rates Strategist at Bloomberg, to find out more.

 

Highlights
1:13 - Were the PBOC's lending rate cuts a surprise move?
3:06 - What was the impact of rate cuts on Chinese and global markets?
5:08 - Did the US Fed's decision to hold steady on interest rates have a bearing on PBOC's decision?
6:17 - Is there a possibility China's central central bank will slash rates further?
8:03 - What other measures should be taken to encourage businesses to invest?

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