Reported 1 day ago
In an effort to bolster its economy affected by escalating tariffs in the US-China trade war, China has lowered its policy interest rate and the reserve requirement ratio for banks. The People's Bank of China reduced the seven-day reverse repurchase rate from 1.5% to 1.4% and plans to cut the reserve ratio by half a percentage point. These measures aim to enhance liquidity, support market stability, and guide borrowing costs lower as China prepares for upcoming trade discussions with US officials.
Source: YAHOO