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Cryptopolitan 2023-08-21 11:14:19

China cuts rates again by modest margin as the economy struggles to recover

On Monday, China’s central bank reduced the primary benchmark interest rate utilized by the country’s commercial banks when issuing one-year bank loans. The move is part of a series of measures taken by the government to counteract declining real estate prices, sluggish consumer spending, and overall debt concerns. The People’s Bank of China (PBOC) lowered ... Read more

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