ABU DHABI/AD MEDIA OFFICE UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed …
Read More »China’s central bank keeps key interest rate unchanged
Bloomberg China’s central bank refrained from cutting interest rates despite mounting evidence of a sharp slowdown in economic growth, suggesting policy makers may be concerned about the currency’s depreciation and capital outflows. The People’s Bank of China (PBOC) kept the rate on its one-year medium-term lending facility at 2.85% on Monday. Economists had been split on the decision, with …
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