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China cuts a key policy rate for first time in 10 months as economic rebound cools

It means that China government is starting to inject fund into the cooling economy also known as money printing. This is in contrast to US Fed hinting raising interest rate in the next FOMC meeting.
Earlier this week, the central bank cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, injecting 2 billion Chinese yuan through its seven-day repos. China's largest state-owned commercial banks cut deposit rates last week, according to CNBC checks.
Quote:
China's central bank lowered its key medium-term lending rates on Thursday, in a much anticipated move as the economy's post-Covid recovery continues to lose momentum.
The People's Bank of China lowered the rate on 237 billion Chinese yuan ($33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points — from 2.75% to 2.65%.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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