The People’s Bank of China Isn’t Fooling Anyone With Its Latest Interest Rate Cut

The People’s Bank of China (PBOC) kicked off a new easing cycle on Monday by lowering interest rates for the first time in four years – a move designed to safeguard against further trade-war turbulence. For all the talk about President Trump being “easy to read,” China doesn’t seem to be fairing too well in […] The post The People’s Bank of China Isn’t Fooling Anyone With Its Latest Interest Rate Cut appeared first on CCN.com

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