It was exciting for the day. Goldman: The PBOC delivered 25bp cuts to both the 1-year and 5-year LPR today (Oct 21st) from 3.35%/3.85% to 3.1%/3.6%. The move was a small dovish surprise as the 25bp cuts align with the upper end of the 20-25bp range mentioned by the PBOC governor previously (vs. Bloomberg median
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