✉news BusinessEconomy first seen 3 h ago, last 3 h ago, peak #28
China cuts interest rate for policy banks to support economy
Original: Breaking | China cuts interest rate for policy banks to boost real economy
China has cut the interest rate it charges policy banks, moving to channel cheaper funding into the real economy. The central bank's move is aimed at encouraging lending to infrastructure, manufacturing and other productive sectors amid persistent pressure on growth. The rate cut signals continued easing by Beijing as authorities try to shore up credit demand and support the sluggish economy.
Why now: Beijing's latest easing step points to fresh concern about China's slowing growth and weak credit demand.
ChinaPeople's Bank of Chinapolicy banks
Evidence
- Breaking | China cuts interest rate for policy banks to boost real economy · South China Morning Post
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