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Surprise Rate Cut In China Follows Bad Economic Data

Carlos Casanova, Senior Economist, UBP

16-Aug-23 07:00

Surprise Rate Cut In China Follows Bad Economic Data

China, in a surprise move, lowered the rate on its one-year loan by 15 bps, to 2.5%, the largest cut in 3 years. What forced the hands of the new governor of the People's Bank Of China, Pan Gongsheng? Carlos Casanova, Senior Economist at UBP tell us.

Image Credit: Shutterstock

Produced by: Mike Gong

Presented by: Wong Shou Ning, Philip See, Mark Tan


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Categories:  markets,  economy

Tags:  chinese market,  the people's bank of china,  country garden, 


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