China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchangedChina’s central bank has cut one of its key lending rates but left another unchanged, surprising economists who had expected more forceful action to support economic growth amid widespread concerns over its... #press

https://www.theguardian.com/world/2023/aug/21/china-cuts-interest-rate-economy-central-bank-rate?utm_source=press.coop

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