Less-than-expected reduction fuels concern about recovery prospects for the world’s second-biggest economy
The JSE was weaker on Tuesday morning and global equity markets were mixed after a less-than-expected interest rate cut by the People’s Bank of China .
Overnight, the PBoC trimmed its lending rates by just 10 basis points , fuelling concern about the prospects for a rebound in the world’s second-biggest economy after authorities lifted a strict zero-Covid policy...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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