The stainless steel industry has remained stable and rebounded, with nickel iron trading rapidly rising, and high expectations for the rise of the scrap stainless steel market
The stainless steel industry has remained stable and rebounded, with nickel iron trading rapidly rising, and high expectations for the rise of the scrap stainless steel market
2023-08-24
China once again adopted an "asymmetric" interest rate reduction policy in August, with the one-year LPR lowered by 10 basis points to 3.45%, while varieties over 5 years remained unchanged at 4.20%. This policy reflects the policy orientation of stabilizing bank interest margin levels while supporting residents medium to long-term credit. In the future, monetary policy may continue to maintain a loose monetary policy, and there may be further interest rate and reserve requirement reductions within the year. There is a high possibility of a new round of reserve requirement reduction policies
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