China Unveils Major Monetary Easing: Central Bank Cuts Key Rates and Reserve Requirements

BREAKING: China’s central bank and financial regulators announced on Wednesday that they will cut key interest rates by 10 basis points and lower the reserve requirement ratio by 50 basis points to support economic growth amid trade concerns, according to central bank governor Pan Gongsheng at a press briefing alongside officials from the National Financial Regulatory Administration and the China Securities Regulatory Commission

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