The People’s Bank of China on Monday lowered the 14-day reverse repo rate to 1.85% from 1.95% previously. (Photographer: Andrea Verdelli/Bloomberg)
China's central bank cut a short-term policy rate, following the start of monetary easing in the US as the nation's domestic economic slowdown deepens.
The People's Bank of China on Monday lowered the 14-day reverse repo rate to 1.85% from 1.95% previously.
(This is a developing story.)
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