China cuts another key interest rate to boost economy

China cuts another key interest rate to boost economy …C0NTINUE READING HERE >>>

The medium-term lending facility — the interest for one-year loans to financial institutions — was cut from 2.3 percent to 2.0 percent, the People’s Bank of China said.
Photo: ADEK BERRY / AFP
Source: AFP

China’s central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy.

The medium-term lending facility — the interest for one-year loans to financial institutions — was cut from 2.3…

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