Today news
About the same in other media
Chinese Banks Cut Rates to Spur Economic Growth
Reading now: 970
SINGAPORE—Banks in China cut benchmark interest rates on loans to households and businesses, a small attempt to help revive growth in an economy struggling with a property bust and Beijing’s zero-tolerance to Covid-19.
The People’s Bank of China last week unexpectedly trimmed two of its policy rates in response to slowing growth and feeble demand for credit. Changes to so-called loan prime rates, which are set by a panel of banks and represent the terms offered to the most creditworthy borrowers, usually follow soon after.
Read more on wsj.comAbout this in other media
CZ hits back at claims Binance is a Chinese company cointelegraph.com /2 years ago
Biden Still Undecided on Chinese Tariffs, Commerce Secretary Says wsj.com /2 years ago
Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts blockchain.news /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
