SHANGHAI/SINGAPORE: China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world's second-largest economy.
SHANGHAI/SINGAPORE :China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world's second-largest economy.The cut to the lending rate signals possible easing for longer-term rates
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