China Central Bank Unexpectedly Cuts Key Rate to Spur Growth

The People's Bank of China unexpectedly cut a key policy interest rate for the first time since January. The central bank lowered the rate on its one-year policy loans by 10 basis points to 2.75%. The seven-day reverse repo rate, also a policy rate, was cut to 2% from 2.1%. The PBOC aims to support an economy struggling to recover from Covid lockdowns and a property downturn. Enda Curran reports on Bloomberg Television.

[lastChang]

Evergrand reflects the state of the Chinese 🇨🇳 economy: broke.

[peterponcedeleon]

A central bank eased during a contraction?? Very expected!!

[satriowahyutomo]

its more on property side than covid side since that side clearly need leverage to live

[KungPowEnterFist]

As long as the employment market is incredibly overheated, you should not expect the Fed to cut anything any time soon. In fact, the fun is about to get started when they begin unloading the balance sheet in September. To the moon, baby!

[lebohang]

While the West suffer from inflationary driven interest rates increase!!

[Jp-pecr]

Shouldn’t this increase prices in the u.s

[Marycelestial]

Will Australia follow? No way for we follow USA and we are going down with the ship.

[truepersona]

CHINA IS HOPELESSLY AIMING TOWARDS THE HEAVENS !?! 😅🤣😅

[lochan]

"And I saw the dead,  small and great, standing before God,  and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books.
The sea gave up the dead who were in it,  and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works. 
Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV)


Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life.


"For God so loved the world that He gave His only begotten Son,  that whoever BELIEVES in Him 
should
For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV)


By God's GRACE ✝️ the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely..

[huas]

The renminbi remains less risky than the dollar. It will be interesting to see how Middle Eastern countries react next.

[xpengfangirl]

to increase road and belt power, thank you, russia and china now empowered