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Central bank cuts PSL rate, US plans to release 40 million barrels of crude oil

Source: flash.jin10.com
The central bank cut the PSL rate by 0.25 percentage points and significantly expanded relending quotas; the U.S. Department of Energy plans to release 40 million barrels of oil reserves; Fed officials hinted at potential rate hikes this year, prompting simultaneous movements in overnight commodities and U.S. Treasury yields.

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