The Federal Reserve stayed put for the third time in a row, and gold fell by more than $60! Trump may lift the Biden-era AI chip restrictions, and the Chinese central bank has increased its gold holdings for the sixth consecutive month... What major events happened around the world last night and this morning?
On May 7, the People's Bank of China decided to cut the reloan interest rate by 0.25 percentage points from May 7, 2025. After the reduction, the 3-month, 6-month and 1-year reloan interest rates for supporting agriculture and small-scale enterprises will be 1.2%, 1.4% and 1.5% respectively, the mortgage supplementary loan interest rate will be 2.0%, and the special project structural monetary policy tool interest rate will be 1.5%.
Pan Gongsheng, governor of the People's Bank of China, said at the press conference of the State Council Information Office on May 7 that the interest rate of structural monetary policy tools will be reduced by 0.25 percentage points, including: the interest rate of structural tools for various special projects and the re-loan rate for supporting agriculture and small businesses will be reduced from the current 1.75% to 1.5%; the interest rate of mortgage supplementary loans (PSL) will be reduce...
The People's Bank of China: In April 2025, the People's Bank of China did not conduct open market treasury bond trading operations.
China's central bank: today 125 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 33 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 215 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 14 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 183.70 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 298 billion yuan 14-day reverse repurchase operation, win the bidding interest rate of 1.65%, the same as before.
China's central bank: today 151 billion yuan 14-day reverse repurchase operation, win the bidding interest rate of 1.65%, the same as before.
China's central bank: today 105 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 340.50 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 4.10 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
China's central bank: today 1.10 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.