China surprised markets on Monday by cutting both short-term and long-term interest rates, the first broad rate reduction since August 2023. The move signals a proactive approach to stimulate the country’s slowing economy. The cuts, …
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China’s Central Bank Fights Back Against Bond Rally, Fears Destabilization
China’s central bank is taking action to cool a recent bond rally, fearing that it could destabilize the economy. The People’s Bank of China (PBOC) has expressed concern that financial institutions aggressively buying government bonds …
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