China cuts lending rate to prop up economy

Updated February 20 2020 - 3:13pm, first published 3:07pm
China has cut the lending rate in an effort to stimulate an economy battered by the coronavirus.
China has cut the lending rate in an effort to stimulate an economy battered by the coronavirus.

China has cut the benchmark lending rate, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Port Macquarie news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.