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China’s Surprise Cut Won’t Be Enough
China surprised by cutting its one-year medium-term lending facility (MLF) rates by 15bp to 2.50% today to give a jolt to its economy that has not only completely missed the expectation of a great post-Covid recovery, but that deals with deepening property crisis, morose consumer, and investor sentiment – which is worsened by Country Garden […] The post China’s Surprise Cut Won’t Be Enough appeared first on Action Forex...
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Posted: Aug 15 2023, 06:42
Author Name: actionforex
Views: 022154