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China Lowers Key Interest Rate

» Updated: 04 October 2024, 12:10

» Published: 25 September 2024

China Lowers Key Interest Rate
Photo: Envato Elements

China is lowering another important interest rate to boost the economy.

The one-year rate is being lowered to 2 percent from 2.3 percent.

Wednesday's announcement follows yesterday's reduction of the seven-day rate and reduced requirements for how much money banks must hold in reserve.

TTT
By TTThis article has been altered and translated by Sweden Herald

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