Chinese markets down after central bank's rate call

www.breakingthenews.net— Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)

Public Radio of Armenia—Armenia’s Central Bank cuts refinancing rate to 8.25%. At its April 30 meeting, the Board of the Central Bank of Armenia decided to reduce the Refinancing Rate by 0.25 percentage points, setting it at 8.25%. The Lombard Repo Facility Rate was set at 9.75%. The Deposit Facility Rate was set at 6.75%.

www.breakingthenews.net—China's central bank keeps interest rates unchanged. The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,

Economy Middle East—US Federal Reserve, UAE Central Bank keep interest rates unchanged. The UAE Central Bank (CBUAE) kept interest rates unchanged on Wednesday after the US Federal Reserve held interest rates steady citing “lack of further progress” on inflation. The CBUAE has decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 5.40 percent. “The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the base rate for all standing credit facilities,” the central bank said. ...