China Interest Rate Cut 2024 News. China has unveiled unexpected cuts to lending rates days after a top communist party policy meeting, in a sign of government efforts to boost lagging. China’s central bank has cut its main benchmark lending rates for the first time in 10 months, in its latest effort to bolster growth as the world’s second largest.
China still has room to lower interest rates, but its ability to adjust monetary policy faces internal and external constraints, the official financial news said on. Sep 23, 2024, 11:32 am.
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