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The People’s Bank of China said it cut the lending rate for one-year medium term policy loans by 20 basis points to 2.3%. That is the biggest rate cut since China’s economy was slammed by the COVID-19 pandemic in 2020. The rate on 7-day loans was reduced to 1.7%.

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China cuts 1-year benchmark rate, moving to boost economy as world markets languish

China has ratcheted up its effort to spur slowing growth by cutting a key policy rate and interest paid on bank deposits

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China has ratcheted up its effort to spur slowing growth by cutting a key policy rate and interest paid on bank deposits.

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The People’s Bank of China said it cut the lending rate for one-year medium term policy loans by 20 basis points to 2.3%.

Hindustan Times

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China cuts 1-year benchmark rate to boost economy as world markets languish

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AP Business Writer BANGKOK (AP) — China has ratcheted up its effort to spur slowing growth by cutting a key policy rate and interest paid on bank deposits. The move Thursday coincided with a downturn in world stocks, extending losses in Chinese markets that have declined this year while share prices soared in many other countries. The People’s Bank of China said it cut the lending rate for one-year medium term policy loans by 20 basis points to …

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China cuts one-year medium-term lending facility and allocates 300 billion yuan (US$41.3 billion) in ultra-long-term treasury bonds on Thursday.

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Rate cuts and bond support as China moves ‘on a path to easing’

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BANGKOK (AP) — China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits. The move coincided with a […]

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In the monthly update, the bank stated that the one-year reference interest rate will remain at that level for at least one month. The decision surprised analysts, since the most generalized prediction was that the central bank would leave the reference rate unchanged in this month's update. This indicator, established as a reference for interest rates in 2019, is used to fix the price of new loans - generally for companies - and of the variable…

Na atualização mensal, o banco afirmou que a taxa de juro de referência a um ano se manterá a esse nível durante pelo menos um mês.   A decisão surpreendeu os analistas, uma vez que a previsão mais generalizada era de que o banco central deixaria a taxa de referência inalterada na atualização deste mês. Este indicador, estabelecido como referência para as taxas de juro em 2019, é utilizado para fixar o preço dos novos empréstimos - geralmente pa…

China reduz base taxa de juro para empréstimos a um ano para 3,35%

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China cuts benchmark lending rate for one-year loans to 3.35%

China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits.

China cuts 1-year benchmark rate, moving to boost economy as world markets languish

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