China, Japan Hold Rates

This is a news story, published by Yahoo Finance, that relates primarily to People's Bank of China news.

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big rate cut

Reuters

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Morning Bid: Taking stock after Fed glow, Japan/China hold

Summary

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78% Informative

People's Bank of China unexpectedly left lending rates unchanged at monthly fixings, confounding forecasts after the outsize 50 basis point Fed cut on Wednesday .

Less surprisingly, the Bank of Japan left policy settings unchanged on Friday too - holding back from further tightening for now.

The Bank of England also held back from making its second rate cut of the year .

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formal

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English

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