China’s central bank lowered the rate of one-year medium-term lending facilities to 2.75 per cent from 2.85 per cent on Monday. Photo: Bloomberg
China’s central bank lowered the rate of one-year medium-term lending facilities to 2.75 per cent from 2.85 per cent on Monday. Photo: Bloomberg

China cuts key policy interest rate for first time since January as major economic growth indicators slow

  • Another major policy rate, the seven-day reverse repo, was also lowered to 2.0 per cent from 2.1 per cent
  • The rate cuts, which will help boost economic activities, came as July data released by the National Bureau of Statistics on Monday indicates worrying trends

China’s central bank lowered the rate of one-year medium-term lending facilities to 2.75 per cent from 2.85 per cent on Monday. Photo: Bloomberg
China’s central bank lowered the rate of one-year medium-term lending facilities to 2.75 per cent from 2.85 per cent on Monday. Photo: Bloomberg
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