From MarketWatch, July 21:
China’s central bank unexpectedly cut a key policy rate to support the country’s ailing economy Monday, just days after a flurry of data showed that a lopsided recovery might have lost some steam.
The People’s Bank of China reduced the 7-day reverse repo rate to 1.70%, from 1.80%, saying it wanted to “step up financial support for the real economy.”....
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