Get our introductory offer at only
*$0.99/month for first 3 months
$29.90/month for the next 9 months
THE People's Bank of China (PBOC) moved to cut both the benchmark interest rate and reserve requirement ratio (RRR) on Aug 25. The stimulus measures should help market sentiment, but not kick-start the sluggish Chinese economy.
The cuts of 25 basis points and 50 basis points respectively...