China cuts benchmark lending rates by 25 basis points
- China cut its benchmark lending rates by 25 basis points as part of measures to revive economic growth and halt a housing market crash.
- The cut is larger than the 20 basis point reduction projected by all 17 economists surveyed by Bloomberg.
- PBOC Governor Pan Gongsheng stated lending rates will decrease by 20 to 25 basis points on October 21.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right7Center7Last UpdatedBias Distribution39% Center, 39% Right
Bias Distribution
- 39% of the sources are Center, 39% of the sources lean Right
39% Center
L 22%
C 39%
R 39%
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