3Novices:China’s central bank maintains accommodative lending policy to support economy

While major central banks in the West have begun to pull back from pouring cash into the economy to drive growth, the People’s Bank of China seems unlikely to tighten its credit policy any time soon.
On Wednesday, the Bank of Canada raised its benchmark interest rate by a quarter of a point to 0.75 per cent, its first increase since 2010. In doing so, Canada became the first Group of Seven nation to follow the US Federal Reserve in raising the cost of borrowing for businesses and…
July 16, 2017 at 12:40PM
#3Novices #News #OnlineMedia #China 3Novices China


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