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.)
ADVERTISEMENT
ADVERTISEMENT
RECOMMENDED FOR YOU
Goldman Sachs Predicts Slower GDP Growth For India In 2025
Nov 21, 2024
Asian Stocks See Cautious Start On Fed Easing Doubts And Muted Wall Street Cues
Nov 18, 2024
RBI Stocks Up On Gold, Brings More Home As Geopolitical Conditions Continue To Worsen
Oct 30, 2024
Asian Stocks Gain As China Cuts Bank Rates To Aid Revival
Oct 21, 2024
POPULAR
1
Stock Market Live: Nifty, Sensex Jump Most In Over Five Months; RIL, Infosys Share Prices Lead
2
C2C Advanced Systems IPO Opens: Check GMP, Day 1 Subscription Status, Price Band And More
3
Adani Group Assures Resilient Growth With Healthy Cash Reserves
4
Gold Price Nears $2,700-Mark, MCX Rate Crosses Rs 77,300 As Russia-Ukraine Tensions Escalate
5