20 October 2020
6 min read
The Opening Belle
Risk sentiment still fragile overnight, RBA comments on further easing, and dragged-out negotiations continue to drag...
China's PBoC - policy rate unchanged
The one-year loan prime rate (LPR) was kept unchanged at 3.85%, while the five-year LPR remained at 4.65% - as widely expected by the market.
RBA Minutes - Nothing Unexpected
The Reserve Bank of Australia discussed the case for additional monetary easing to support jobs and the overall economy, including slashing the cash rate toward zero and buying longer-dated government bonds, the central bank's October meeting minutes showed.
"Members noted that the larger balance sheet expansions
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