Reuters
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China surprises with modest rate cut
Posted
August 21, 2023
Views
2,252
Likes
19
Engagement
0.84%
August 21, 2023
2,252
19
0.84%
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1:35Now PlayingChina cut its oneyear benchmark lending rate as authorities seek to ramp up efforts to stimulate credit demand but surprised markets by keeping the fiveyear rate unchanged amid broader concerns about a rapidly weakening currency. Read about the rate cut
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