China Surprises with Cuts to Key Rates to Support Economy

July 22, 2024, 09.47 AM
China Surprises with Cuts to Key Rates to Support Economy

ILUSTRASI. China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday. REUTERS/Jason Lee/File Photo

Source: ReutersEditor: Herlina Kartika Dewi

MACROECONOMICS - SHANGHAI. China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in an attempt to boost growth in the world's second-largest economy.

The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years.

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Latest News