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POINT-Biopharma  on August 22, 2023


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Chinas Central Bank Lowers Interest Rates Implications for the ...

China’s central bank, the People’s Bank of China, has made a significant move on August 15, 2023, by lowering the rate on its one-year loans by 15 basis points to 2.5%. This decision has far-reaching implications as it directly affects the borrowing costs for both businesses and individuals within China, potentially influencing the overall state of the country’s economy. The news was initially covered in the Bloomberg Evening Briefing, a reliable source of information that offers a condensed overview of the most crucial news stories of the day.

beststocks.com     Aug 22, 2023