China’s central bank unexpectedly cut loan rates on Monday — a move that will likely put more downward pressure on the Chinese currency, one analyst said.
UK's Boris Johnson in Leadership Crisis, Accused of Lying About ‘Industrial Scale Partying' During Covid Lockdowns
"Economic growth is clearly under pressure, recent omicron outbreaks in China exacerbated the downside risk. The lower inflation opened policy room. We think China is at the early stage of a rate cut cycle," he said.
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