at Nasdaq.com (Mon, 11:11AM)
China's rate cut means this weekend's data dump is going to be very bad, says Bloomberg's...
China's rate cut means this weekend's data dump is going to be very bad, says Bloomberg's Michael McDonough, who adds the move implies more substantial measures to help growth are coming. Allowing banks to offer a 20% discount to the official rate suggests the country is moving closer to interest rate liberalization.
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