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Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28 2018. Picture: REUTERS/ JASON LEE
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28 2018. Picture: REUTERS/ JASON LEE

The People’s Bank of China has cut interest rates and lowered its one-year prime rate by 10 basis points to 3.55% to boost economic growth. Business Day TV discussed this move in detail with RMB forex trader Jan Sluis-Cremer.

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