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China rate cut out; Asian markets fluctuate as traders digest it

By Inquirer - 6 hours ago
BEIJING/HONG KONG — The People’s Bank of China on Monday said it had cut two key benchmark interest rates, as Beijing looks to boost sluggish spending in the world’s second-largest economy. The one-year Loan Prime Rate (LPR), which constitutes the benchmark for the most advantageous rates lenders can offer to businesses and households, was cut

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