Top-level meeting this week means China's central will cut rates soon, analysts predict [MSNBC.com]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: MSNBC.com
A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. Jason Lee | Reuters BEIJING — Li chaired an executive meeting of China's highest administrative body, the State Council, on Tuesday. In an announcement on Wednesday, the country's leaders stressed the need for improving financial support for businesses hit by the new coronavirus, including lowering the reserve requirement ratio "Without exception these calls by the Premier will be implemented by the ( "We expect (the RRR cut will be) 50 (basis points) for the biggest six state-owned banks, and 100bp for other banks including joint-stock banks, city and rural commercial banks, and rural credit unions,“ Lu said. He added that in the coming months, he expects 25 basis-point cuts each to the 1-year benchmark deposit rate and 1-year medium-lending facility (MLF) rate. The two rates are tools used
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MCO
News
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MCO's page on the SEC website