{"id":349649,"date":"2024-07-22T20:54:56","date_gmt":"2024-07-22T15:24:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=349649"},"modified":"2024-07-22T20:54:56","modified_gmt":"2024-07-22T15:24:56","slug":"cnh-edges-down-after-pboc-rate-cut-bbh-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cnh-edges-down-after-pboc-rate-cut-bbh-crypto-news\/","title":{"rendered":"CNH edges down after PBoC rate cut \u2013 BBH &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>The Chineze Yuan (CNH) edged down after the People\u2019s Bank of China (PBOC) unexpectedly cut the\u00a0seven-day reverse repo rate, BBH FX analysts note. \u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">China looks set for weaker growth in the years ahead<\/h2>\n<p>\u201cCNH edged down after the People\u2019s Bank of China (PBOC) unexpectedly cut the\u00a0seven-day reverse repo rate 10 bp to a historic low of 1.70%. The PBOC is trying to shore-up sluggish Chinese economic activity.\u201d<\/p>\n<p>\u201cHowever, until China deals with its huge debt overhang (total debt is more than 300% of GDP), the country looks set for weaker growth in the years ahead.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chineze Yuan (CNH) edged down after the People\u2019s Bank of China (PBOC) unexpectedly cut the\u00a0seven-day reverse repo rate, BBH FX analysts note. \u00a0 China looks set for weaker growth in the years ahead \u201cCNH edged down after the People\u2019s Bank of China (PBOC) unexpectedly cut the\u00a0seven-day reverse repo rate 10 bp to a historic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":159242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,450,247,253,249,308,12288,256,254],"class_list":["post-349649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-pboc","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdcnh","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=349649"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349649\/revisions"}],"predecessor-version":[{"id":349653,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349649\/revisions\/349653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/159242"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=349649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=349649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=349649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}