China Calls, Hikes Rates After Fed; Kuroda Triples Down On The Laughs After BoJ

China Calls, Hikes Rates After Fed; Kuroda Triples Down On The Laughs After BoJ

It was a fairly lively overnight session on the heels of the Fed. We start in China where the PBoC imported themselves a rate hike, although not "officially." As you may or may not be aware, Beijing has essentially shelved policy rates in favor of repo rates when it comes to tightening. Thursday's hike... PBOC RAISES INTEREST RATES IN OPEN-MARKET OPERATIONS ...looks like it might have been an attempt to kill the arb between interbank rates and OMO rates. The PBoC hiked the cost of seven-,
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