welcome
CNBC

CNBC

Business

Business & Economics

China to cut key rates by 10 points, bank reserve requirement by 50 points in bid to boost economy

CNBC
Summary
Nutrition label

81% Informative

China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5% , the People's Bank of China Governor Pan Gongsheng said at a press briefing.

The central bank will also lower the reserve requirement ratio by 50 basis points, unleashing additional liquidity of 1000 billion yuan ( $ 138.6 billion ) to the market.

VR Score

88

Informative language

92

Neutral language

27

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links