💨 Abstract

China's central bank has reduced a key interest rate by 0.25% to 1.5%, as reported by the Associated Press on May 6, 2025. The move comes in response to the threat of U.S. tariffs to China's economy. The People's Bank of China Governor, Pan Gongsheng, made the announcement on Wednesday. This rate cut is intended to stimulate economic growth amidst increasing economic pressure.

Courtesy: wtop.com

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