China surprises with cuts to key rates to support weak economy


SHANGHAI: China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world's second-largest economy.

The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years.

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PBOC , interest rate , bonds , yields

   

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