💨 Abstract

China's economic stimulus measures led to record highs in global stock indexes, a 16-month high for the yuan, and a three-week high for oil prices. The People's Bank of China announced plans to lower borrowing costs, inject more funds into the economy, and ease mortgage repayment burdens, including a 50 basis point cut to banks' reserve requirement ratios.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖