Asia Markets Rise as China Cuts 1-Year Loan Prime Rate, Leaving 5-Year Rate Unchanged
Asia Markets Respond to China’s Monetary Policy Shift: A Closer Look Recent news from the financial world has seen a significant shift in China’s monetary policy. The People’s Bank of China (PBOC) has made a strategic move by cutting the 1-year loan prime rate while leaving the 5-year rate unchanged. This decision has had an …
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