Global Courant
The People’s Bank of China has cut several key policy rates to boost economic growth in the world’s second-largest economy.
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The People’s Bank of China cut another key policy rate for the first time in 10 months on Tuesday as the world’s second-largest economy shows signs of stagnation.
The latest rate cut follows two previous easing last week as authorities sought to support growth.
The People’s Bank of China cut the prime rate for one-year loans by 10 basis points from 3.65% to 3.55% and cut the prime rate for five-year loans by 10 basis points from 4.3% to 4.2% – for the first time since August.
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