China unexpectedly cut a key interest rate on Tuesday and announced tax breaks for businesses, as weakening credit growth added to signs a post-Covid recovery in the world’s second-largest economy is losing steam.
The People’s Bank of China cut the seven-day reverse repo rate, used to manage short-term liquidity in the banking system, in a move analysts said probably signalled more substantial monetary easing and stimulus measures to come.
Following the rate cut, the government released credit growth figures for May that analysts said fell well short of forecasts as a weak property market weighed on consumer sentiment.
您已閱讀19%（624字），剩余81%（2659字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。