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China cuts key rate on lending

rocky
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China cuts key rate on lending Empty China cuts key rate on lending

Post by rocky on Thu 20 Feb 2020, 2:18 am

China cuts key rate on lending

China cuts key rate on lending 19170






Economy News _ Baghdad
The People's Bank of China lowered the benchmark interest rate on lending in line with expectations, in an attempt by policymakers to move to lower corporate financing costs and support the economy in light of the spread of the Corona virus.
The bank cut the main one-year loan rate by 10 points to 4.05% last month.
It also reduced the 5-year lending rate by five points to 4.75%.


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