China Central Bank to Cut Some Sector-Specific Rates to Boost Economy

China's central bank announced on Thursday cuts to some sector-specific interest rates to provide an early boost to the economy, and signalled it has room this year for further reductions in banks' cash reserve requirements and for broader rate cuts.

The People's Bank of China said it would lower interest rates on its structural monetary policy tools by 25 basis points on January 19.

Structural monetary policy tools are central bank instruments designed to target specific sectors or areas of the economy, such as sci-tech, green...

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