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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: What are the implications of China's central bank rate cuts on global markets?
Description: China’s central bank last week cut the interest rate on its medium-term funding for financial institutions, marking its third policy rate change in three days amid efforts to support the slowing economy through renewed monetary loosening. How do these moves affect the future outlook for markets in China and globally? Another big decision will be made tomorrow regarding the loan prime rate. Can we also expect the central bank to make cuts on that front? On Money in the Market, Emaad Akhtar speaks to David Finnerty, FX/Rates Strategist at Bloomberg, to fi...