China’s rate cut helps global shares to near record highs
It is hard to avoid concluding that China is slowly easing monetary policy, having held off in recent months, one analyst says
18 November 2019 - 12:50
London — World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.
In the latest show of support for its economy, China's central bank cut rates on seven-day reverse repurchase agreements by five basis points to 2.50%...
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