PBOC to also cut relending rate by 25 bps to 1.50%

This adds to the slew of rate cuts and other measures from earlier. In case you missed it, Eamonn’s got you covered here.

The relending facility is one that is mainly used to bolster the stock market, allowing for low-cost funding for specific purposes such as share buybacks and shareholding increases by firms.

This article was written by Justin Low at www.forexlive.com.