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Report
China Central Bank To Lower Interest Rates To Boost Economy
TaiwanPlus News
Follow
9/24/2024
After a period of weak economic performance, China's central bank has announced stimulus measures in an attempt to boost the economy and reach its growth target this year.
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00:00
China's central bank has announced stimulus measures to fight deflation and disappointing
00:05
economic performance. It plans to reduce the amount of cash banks need to hold in reserve,
00:11
freeing up around US$140 billion for banks to lend. It's also cutting mortgage rates
00:17
and the central bank's own lending rate. Chinese stocks and bonds rose after the announcement.
00:23
Depending on the situation later in the year, interest rates for loans may be lowered even
00:28
more.
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