The central bank slashed the interest rate by two percent to 17.5% in the monetary policy announced today. The Monetary Policy Committee (MPC) of the central bank met today to fix the policy rate for the next one and a half months. Analysts were expecting that the committee will continue monetary easing between 150-200bps on […]
In the previous policy announcement, the central bank had fixed the policy rate at 19.5 percent. The Monetary Policy Committee (MPC) of the central bank meets today to fix the policy rate for the next one and a half months. Experts expect the committee to continue monetary easing between 150-200bps, on a lower inflation outlook […]
The world’s second-largest economy is grappling with a real estate debt crisis, weakening consumption, and an ageing population. Trade tensions with the United States and the European Union, which have sought to limit Beijing’s access to sensitive technology, are also dragging growth down. And on Monday, official statistics showed the economy grew by only 4.7 […]
