ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met His Excellency …
Read More »China quietly cuts borrowing costs
Bloomberg The People’s Bank of China has been quietly guiding interbank borrowing costs down without actually cutting official interest rates, with the latest move a record one-day injection of cash into the market. The central bank pumped a net 1.14 trillion yuan ($169 billion) into the financial system through open-market operations so far, with one say’s operation the biggest one-day …
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