from Bespoke:
China Finally Cuts Rates
Today, China cut their benchmark central bank rate for the first time since February 21st, 2002. The People's Bank of China cut their one-year lending rate from 7.47% to 7.20%, which will be effective tomorrow.
China Finally Cuts Rates
Today, China cut their benchmark central bank rate for the first time since February 21st, 2002. The People's Bank of China cut their one-year lending rate from 7.47% to 7.20%, which will be effective tomorrow.
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