China's Central Bank Cuts Key Rate as Economic Data Disappoint
August 15, 2023
25,100
199
59
1.03%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg Television Episodes Around August 15, 2023
See what was published immediately before and after this episode.
4:43Now PlayingChina's Central Bank Cuts Key Rate as Economic Data Disappoint
YouTube Description
as posted by the channelThe People's Bank of China has unexpectedly cut a key interest rate by the most since 2020. The central bank lowered the rate on its one-year loans — or medium-term lending facility — by 15 basis points to 2.5%. The seven-day reverse repurchase rate, a short-term policy rate, was cut by 10 basis points to 1.8%. The move came shortly before the release of July economic activity data including retail sales that showed a faltering recovery. Helen Qiao, chief Greater China economist at BofA Global Research, shares her take on "Bloomberg Markets: Asia."
--------
Follow Bloomberg for business news & analysis, uptotheminute market data, features, profiles and more
Connect with us on...
Links & Promotions
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.