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What next for China as it cuts rates

IG analyst Chris Beauchamp looks at what’s next for China after it cut rates for the sixth time in six months. The People’s Bank of China said it is reducing its one-year benchmark rate by 0.25% to 4.35%. The one-year deposit rate was also cut to 1.5%. The PBoC says the move is aimed at further reducing the social cost of financing.

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