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The Peoples Bank of China (PBOC) announced that to maintain ample liquidity in the banking system, it will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation on February 25, 2026, with a term of one year, using a fixed-amount, interest rate-based bidding method and multiple price levels.
February 24th - ING analyst Chris Turner stated that the pound could fall if Bank of England Governor Ambley raises his expectations for further interest rate cuts (potentially as early as March) in his testimony tonight. Bailey will address the Treasury Select Committee at 22:15 Beijing time tonight. Bailey is highly likely to push for a rate cut at the March policy meeting. If Bailey states that he has sufficient evidence for a March rate cut, it could solidify interest rate pricing in the money market (currently, the market expects an 80% probability of a 25 basis point cut in March), and even push the market to bet on the Bank of England cutting rates by more than 50 basis points this year.
According to the Shanghai Stock Exchange website, Shenghejing Micro Semiconductor Co., Ltd. has passed the listing committee meeting.
Spains Ministry of Finance: It expects to raise €6 billion through the issuance of 30-year syndicated bonds.
Novo Nordisk (NVO.N) shares fell about 3% in pre-market trading after its UBT251 weight loss drug trial showed a 19.7% weight loss effect.