China Reduces Key Lending Rates to Stimulate the Economy
Overall, the adjustment was 10 basis points The People’s Bank of China unexpectedly lowered lending interest rates by 10 basis points, surprising financial market participants. WNTab reported this on Monday, July 22. In particular, the basic interest rate for one-year loans was reduced to 3.35% from 3.45%, and for five-year loans, it was reduced to…