China Cuts Rates, Injects Liquidity as Stimulus Gathers Steam

2024-09-19T053812Z_41608803_RC2G3AAK35N4_RTRMADP_3_CHINA-ECONOMY-POLICY
BEIJING (Reuters) – China’s central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing ramps up stimulus to pull economic growth back towards this year’s roughly 5% target and fight deflationary pressures.

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