PBoC Trims Benchmark Interest Rates By 25 BpsMani
China’s central bank, the People’s Bank of China, has cut its one-year benchmark bank and one-year benchmark deposit rate by 25 basis points in an effort to jumpstart a slowing economy.
Earlier, Chinese stocks rose over 1% on Friday after President Xi Jinping indicated the economy will not suffer a hard landing.
PBoC cuts rates for sixth time since November
The People’s Bank of China exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible