PBOC Rate Cuts May Boost China Outlook
February 20, 2024 at 12:54 PM EST
The People’s Bank of China (PBOC) has cut a key interest rate in a move aimed at boosting the overall economy. The cut to the 5-year Loan Prime Rate (LPR) was the largest on record for the LPR, as the bank looks set to boost the ailing property market. That move follows several other plans [...] The post PBOC Rate Cuts May Boost China Outlook appeared first on ETF Trends .
