China's central bank signals interest rate cuts to strengthen the economy
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
China's central bank has announced that further measures to stimulate the country's economy are under consideration. Among other things, the bank is discussing a reduction in the long-term prime rate (LPR) by 0.2 to 0.25 percentage points, which is expected to take place on October 21. LPR serves as a reference rate for Gigasun's loans in China.
The interest rate cut is part of a broader strategy to strengthen the economy and improve financial conditions in the country. In addition, the central bank is considering lowering reserve requirements for banks by 0.25 to 0.5 percentage points before the end of the year. Interest rates on reverse repurchase agreements and medium-term lending facilities (MLFs) may also be adjusted to ensure sufficient liquidity and stability in the market.
These measures aim to provide additional support to the Chinese economy at a time of global uncertainty and to promote continued growth.