Wir verwenden Cookies, um zu verstehen, wie Sie unsere Website nutzen, und um die Benutzerfreundlichkeit zu verbessern. Dies beinhaltet die Personalisierung von Inhalten und Werbung. Mit der weiteren Nutzung unserer Seite akzeptieren Sie die Verwendung von Cookies, die Datenschutzrichtlinie und die Nutzungsbedingungen Cookies, Privacy Policy Term of use.
Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
106 views • August 16, 2023

China’s Central Bank Slashes Key Interest Rate

NTD News
NTD News
Another marker for Beijing's tumbling economy—China's central bank slashed a key interest rate Tuesday. Dropping the rate on one-year loans to just 2.5 percent—that's 15 basis points. Besides that medium-term cut, the bank also cut one of its short-term lending rates by 10 basis points. The unexpected rate plunge comes as the biggest one since the start of the pandemic. Driven by attempts to stabilize the country's property market woes, slumped demand, and slowed consumer spending. But the rate cut comes with its own penalties, China's yuan sank to its lowest point since November on Tuesday. Further widening the gap with the U.S. dollar.
Show All
Comment 0