China lowers rates as economy hit by tariffs
China and the US will start high level trade talks on May 9 in Switzerland.
Troov
China and the US will start high level trade talks on May 9 in Switzerland.
May 08, 2025
The People’s Bank of China (PBOC), China’s central bank, said that it will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from May 8; in addition, the reserve requirement ratio (RRR) for financial institutions will be lowered by 50 basis points, effective May 15.
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