Bloomberg Markets and Finance published this video item, entitled “China Cuts Policy Interest Rate For First Time Since April 2020” – below is their description.
China’s central bank cut the rate on its one-year policy loans by 10 basis points. That’s the first reduction since April 2020. It also slashed the rate on the seven-day reverse repurchase agreements by the same magnitude. Catherine Yeung, investment director at Fidelity International, discusses what the move by the People’s Bank of China means for the economy and financial markets. She speaks on “Bloomberg Markets: China Open.” (There were some audio issues)Bloomberg Markets and Finance YouTube Channel
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