Chinese Banks Reduce Benchmark Lending Rate to Boost Economy

Tuesday, 20 February 2024, 05:06

Chinese banks have recently reduced a key lending rate in response to the country's slowing economy. The move comes after the central bank maintained its policy rates unchanged, signaling efforts to support economic growth amidst challenges.

Chinese Banks Slash a Key Lending Rate as Economy Falters

China’s longer-term benchmark lending rate was lowered this month after the central bank held its policy rates steady, according to data released by the People’s Bank of China.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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