May 7, 2025
A woman walks past the headquarters of the People’s Bank of China, the country’s central bank, in Beijing on July 9, 2024. PHOTO: AFP
China’s central bank cuts interest rate as US tariffs threaten economy
People’s Bank of China Governor Pan Gongsheng announced Wednesday that the lending rate to commercial banks would be reduced by 0.25 percentage points to 1.5 percent.
