China cuts short-term borrowing costs to support recovery | Maritime Crew | |
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. The cut to the lending rate signals possible easing for longer-term rates over the next week and beyond as demand and investor sentiment weaken, adding to the case for urgent policy stimulus to sustain growth. The People’s Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points to 1.90% from 2.00% on Tuesday, when it injected 2 billion yuan ($279.97 million) through the short-term bond instrument. Get More Info : https://www.seaandjob.com/china-cuts-short-term-borrowing-costs-to-support-recovery/ SEA LINE GROUP DILKAP CENTRE, 501, SAKINAKA - KURLA ROAD, NEXT TO AAKRUTI RESIDENCY, SAKINAKA, ANDHERI (EAST),MUMBAI-400072 Tel : +91-22-28505051 / 28505052 / 8655075186 / 8655012282 Email : roni@seajob.net URL : www.seajob.net | |
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| Target State: All States Target City : MUMBAI Last Update : Jun 14, 2023 3:57 AM Number of Views: 33 | Item Owner : Roni Abraham Contact Email: Contact Phone: +91-22-28505051 |
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