Surprise Rate Cut In China Follows Bad Economic Data
12 mins·07:00, 16 Aug 2023
Surprise Rate Cut In China Follows Bad Economic Data
12 mins
·
07:00, 16 Aug 2023
·
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43 mins
Guest: Carlos Casanova, Senior Economist, UBP
China, in a surprise move, lowered the rate on its one-year loan by 15 bps, to 2.5%, the largest cut in 3 years. What forced the hands of the new governor of the People's Bank Of China, Pan Gongsheng? Carlos Casanova, Senior Economist at UBP tell us.
Image Credit: Shutterstock
Presenter: Wong Shou Ning, Philip See, Mark Tan
Producer: Mike Gong
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