China cuts key interest rates for first time since April 2020

January 17, 2022 10:01 AM

HONG KONG (BLOOMBERG) – China lowered a key interest rate for the first time since the peak of the Covid-19 pandemic in 2020, defying market expectations, as a property market slump and repeated virus outbreaks dampened its growth outlook.

Source : https://www.straitstimes.com/business/economy/china-cuts-key-interest-rates-for-first-time-since-april-2020