China makes first rate cut in 4 years
China’s central bank cut its benchmark lending rate by a quarter of a percentage point to 6.31 per cent on Thursday, the first time Beijing has seen the need to stimulate its economy since 2008.
China’s central bank cut its benchmark lending rate by a quarter of a percentage point to 6.31 per cent on Thursday, the first time Beijing has seen the need to stimulate its economy since 2008.