Bank of China have announced a 10bps-20bps cut in time deposit rates.
Cuts begin today.
![Bank of China 2](https://images.forexlive.com/images/Bank%20of%20China_id_b89f5ca0-e0f3-418c-a4e2-b5fd89882e82_size900.jpg)
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About that awkward headline. No doubt someone will confuse this for a PBOC rate cut. It is not. The PBOC did cut rates, and dropped in other easing measures, on Monday: