Chinese small and medium-sized banks are said to be lowering deposit rates again in an effort to reduce funding costs and stabilise margins
The move by Chinese small and medium-sized banks to lower deposit rates indicates a proactive strategy to manage funding costs amidst a challenging economic environment.
Japanese S&P Global Services PMI Final (Mar) 53.4 vs. Exp. 52.8 (Prev. 53.8)
Japanese S&P Global Composite PMI Final (Mar) 53.00 vs. Exp. 52.50 (Prev. 53.9)
Chinese small and medium-sized banks are said to be lowering deposit rates again in an effort to reduce funding costs and stabilise margins
Anthropic acquires startup Coefficient Bio for about USD 400mln, according to The Information
PBoC is expected to set USD/CNY mid-point at 6.8884 (prev. 6.8880)
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This could suggest a more accommodative monetary stance that aims to stabilize margins, potentially affecting lending rates and overall liquidity in the market, which might lead to increased risk appetite in Asian equities.
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