China cuts key rate, reserve ratio amid escalating US trade tensions

Quick Summary:

People's Bank of China cut the seven-day reverse repurchase rate to 1.4 per cent from 1.

The offshore yuan erased gains to trade 0.1 per cent weaker, while the 10-year government yield edged one basis point higher.

Speaking at the same briefing on Wednesday, the NFRA’s Li pledged to introduce a series of financing policies soon to help stabilize the property market, ease regulations on insurers’ investment in stocks to support the stabilization and revitalization of the capital market.

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Category: BusinessFinance

Markets: IndiaChinaFranceSingaporeSwitzerland

Topics: Economic recovery Chinese economy Chinese rate cut People's bank of china China economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 09:07:29 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 898 words

Reading Time: 5 minutes read

Sentences: 33 lines

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