China rejoins monetary easing wave as world shuts down

China’s central bank cut the interest rate it charges on loans to banks by the biggest amount since 2015 as authorities ramp up their response to the worsening economic impact from the coronavirus pandemic, reported Caixin. The People’s Bank of China reduced the interest rate on 7-day reverse repurchase agreements to 2.2% from 2.4% when … Continue reading China rejoins monetary easing wave as world shuts down