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China surprises with modest rate cut amid growing yuan risks

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reuters.com/world/china/china-cuts-1-year-lending-benchmark-keeps-5-year-unchanged-2023-08-21

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing Rights
SHANGHAI/SINGAPORE, Aug 21 (Reuters) - China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit…

This story from reuters.com was posted on 2023-08-21 by @coralca.

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