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International Business Times
International Business Times
World
Peter CATTERALL

China's Central Bank Cuts Two Key Rates To Boost Economy

The rate cut by the Peopple's Bank of China is the latest move by authorities to boost the economy (Credit: AFP)

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces.

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