China Interest Rate Cut 2024. China’s central bank on thursday cut a key interest rate, in beijing’s second move this week to try to offset a weakening economy and a housing market crisis. Financial assets are likely to see more foreign capital inflows in the months ahead as the united states enters an interest.
China still has room to lower interest rates, but its ability to adjust monetary policy faces internal and external constraints, the official financial news said on. China is widely expected to trim its main policy and benchmark lending rates on friday, a reuters poll showed, after the federal reserve’s outsized interest rate cut.