Reported about 6 hours ago
China's central bank, the People's Bank of China, has decided to maintain the policy loan rate at 2% for the second month in a row after previously cutting it in September. This decision aligns with the findings of economists who expected no changes, amid signs of economic stabilization as the government implements measures to reach a growth target of around 5% this year. The central bank also hints at a potential reduction in banks' reserve requirement ratio early next year, following improvements in economic data.
Source: YAHOO