China's central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery.
The People's Bank of China lowered the seven-day reverse repurchase rate by 10 basis points to 1.9%, according to a statement Tuesday. It was the first reduction in the rate since August 2022.
Denne historien er fra June 14, 2023-utgaven av Mint Mumbai.
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Denne historien er fra June 14, 2023-utgaven av Mint Mumbai.
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