Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
BOJ Signals Imminent Interest Rate Hike Amid Strengthening Economic Conditions 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
The People's Bank of China (PBOC) conducted a 300 billion yuan ($41.3 billion) medium-term lending facility (MLF) operation on Tuesday, keeping the interest rate unchanged at 2.00%. This move aims to maintain ample liquidity in the banking system, according to the central bank’s statement.
The MLF loans, which mature in one year, were issued to select financial institutions. The bid rates ranged from 1.80% to 2.20%, with the total outstanding MLF balance reaching 4.094 trillion yuan after the operation.
This month, 500 billion yuan in MLF loans are set to expire, raising expectations of further liquidity measures from the PBOC. The decision to keep rates unchanged signals policy stability amid ongoing economic challenges. Market watchers are closely monitoring China's monetary policy adjustments, especially as global financial conditions shift.
With China's economy facing sluggish growth and real estate concerns, analysts speculate on future policy moves, including potential liquidity injections or rate adjustments. The PBOC’s commitment to ensuring sufficient liquidity suggests a cautious yet supportive stance in managing economic stability.
