Sunday, March 1, 2015

Daily Report: Stocks Lifted by China Rate Cut, Aussie Steady ahead of RBA

Asian equities open the week higher after the surprised rate cut by China's central bank over the weekend. Nonetheless, impact on the currency markets was muted. The People's Bank of China lowered the benchmark one-year loan rate by 0.25% to 5.35%. The one-year deposit rate was also cut by 0.25%



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