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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (42977)	7/22/2024 9:03:19 AM
From: Les H	Read Replies (1) \| Respond to of 43818

China cuts several major interest rates to support fragile economy By Reuters July 22, 2024 SHANGHAI, July 22 (Reuters) - China surprised markets by cutting major short and long-term interest rates on Monday, its first such broad move since August last year, signalling intent to boost growth in the world's second-largest economy just days after a Communist Party leadership meeting. The cuts to the central bank's key short-term policy rate, its market operations rates and benchmark bank lending rates came after China reported weaker-than-expected second-quarter economic data last week and its top leaders met for a plenum that occurs roughly every five years. reuters.com