China unveils more measures to stabilise its economy
China has unveiled even more support to stabilise its economy, as Beijing steps up efforts to cushion the economy from US tariffs. The seven-day reverse repurchase rate was cut by 10 basis points, which will bring down its main policy - the loan prime rate. The central bank will also lower the reserve requirement ratio by 50 basis points, unleashing an additional US$140 billion to the market. CNA's May Wong has more from Hong Kong.
China has unveiled even more support to stabilise its economy, as Beijing steps up efforts to cushion the economy from US tariffs. The seven-day reverse repurchase rate was cut by 10 basis points, which will bring down its main policy - the loan prime rate. The central bank will also lower the reserve requirement ratio by 50 basis points, unleashing an additional US$140 billion to the market. CNA's May Wong has more from Hong Kong.
Popular Shows
