Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates

18-Feb-2020

The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing […] The post Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates appeared first on Bitcoin News. read more

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