PBOC cut MLF by 25 basis points

People’s Bank of China (PBOC) announced another 25 basis points cut in the three month, six month and one year Medium-term Lending Facility (MLF).

As per Reuters report, PBOC have been asking some banks for their borrowing requirements.

EUR: Unintended consequences of the ECB – Lloyds Bank

Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that there are unintended consequences of last week’s President Draghi’s press conference on the EUR.
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FOMC preview: Fed set to keep door open for a June hike – Danske Bank

Research Team at Danske Bank, expects the Fed to keep the Fed funds target rate unchanged at 0.25-0.50% at today’s FOMC meeting (announcement at 19:00 CET).
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