China rate cut

08 July 2015

 

Last week’s rate cut in China (the 4th since November) was combined with a cut to the amount of cash that banks must hold as reserves. The last time there was a simultaneous cut to interest rates and reserve requirements was at the height of the GFC in late 2008. China’s economy is looking decidedly sluggish by its standards and the latest move is seen as an attempt to revive...

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