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China's Central Bank Cuts Policy Lending Rate

Original: China’s Central Bank Cuts Policy Lending Rate in Targeted Growth Push

China's central bank has lowered its policy lending rate in a targeted effort to support economic growth. The move reduces borrowing costs for banks and is aimed at stimulating credit demand amid concerns over the pace of the country's recovery. Analysts are watching whether further easing will follow to shore up growth.

Why now: Markets and observers are reacting to fresh monetary easing from Beijing aimed at bolstering China's slowing economy

People's Bank of ChinaChina

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• China’s Central Bank Cuts Policy Lending Rate in Targeted Growth Push · Caixin Global

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