China Slashes Key Interest Rates to Revive Economic Growth

The People’s Bank of China (PBoC) has taken a significant step to stimulate the economy. On Monday in Beijing, the central bank reduced the country’s benchmark interest rates. This move was anticipated as Chinese monetary authorities intensify their efforts to revitalize the struggling economy. The PBoC lowered the Loan Prime Rates (LPRs) by 0.25 percentage […]