China Unexpectedly Cuts Interest Rate as World Markets Sag

The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down. Stocks and Bonds, Interest Rates, Economic Conditions and Trends, Renminbi (Currency), People’s Bank of China, China The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down. NYT > Business

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