China's central bank cut interest rates to record lows to revive grappling economy
Tuesday, 20 May 2025 () China's central bank has lowered key interest rates to record lows, aiming to stimulate an economy challenged by weak consumer demand and a property crisis. The cuts follow a temporary easing of trade tensions with the U.S. While industrial output shows growth, retail sales and the property sector are struggling, painting a mixed economic picture for the Asian giant.
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now..
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by..
U.S. inflation is staying high, and it's forcing Jerome Powell and The Federal Reserve to hold interest rates. But what happens next is anyone's guess. With the American economy..
China's central bank has implemented significant monetary easing measures, including interest rate cuts and a reduced reserve requirement for banks, in response... IndiaTimes
Tuesday, 20 May 2025 ()
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