China banks cut key rate by record to boost ailing economy

2022-05-19

May 20, 2022 10:33 AM

The move will reduce mortgage costs and may boost weak loan demand amid a property slump and Covid-19 lockdowns.

Source : https://www.straitstimes.com/business/economy/china-banks-cut-key-rate-by-record-to-boost-ailing-economy

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