YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
China unexpectedly cut interest rates as the country's economic growth slowed.
The People's Bank of China made its first cut to one-year medium-term lending facility loans since April 2020. The seven-day reverse repurchase rate also was cut.
During the fourth quarter, the country's gross domestic product grew by 4%, slower than the same quarter a year earlier.
Read more from BBC News.
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