The People’s Bank of China cut several key policy rates to boost growth in the world’s second-largest economy.
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The People’s Bank of China cut its key policy rate again on Tuesday, for the first time in 10 months, as the world’s second-largest economy showed signs of stalling.
The latest rate cut followed two easing moves last week as authorities sought to shore up economic growth.
The People’s Bank of China cut the prime rate on one-year loans by 10 basis points to 3.55% from 3.65% and cut the prime rate on five-year loans by 10 basis points to 4.2% from 4.3%, the most since August. first.
