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Why Chinese Interest Rates Were Slashed Again Today
China's central bank on Friday cut both Chinese interest rates and banks' reserve requirement ratio. It's an effort to boost China's slowing economy.
The People's Bank of China (PBOC) trimmed its benchmark lending and deposit rate by 0.25% each. They are now at 4.35% and 1.5%, respectively.
China's central bank on Friday cut both Chinese interest rates and banks' reserve requirement ratio. It's an effort to boost China's slowing economy.
The People's Bank of China (PBOC) trimmed its benchmark lending and deposit rate by 0.25% each. They are now at 4.35% and 1.5%, respectively.