China's central bank cuts two key rates to historic lows as trade war simmers

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BEIJING: China's central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid seesaw trade tensions with the United States.

The reading was higher than the 5.7 per cent forecast in a Bloomberg survey, but still lower than the 7.7 per cent jump recorded for March.

Beijing and Washington have been locked in a bruising trade war but last week agreed to slash sweeping tariffs on each other's goods for 90 days.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaUnited States

Topics: Rate Last Data Cent China Rates Grew Bank Trade 2025 Beijing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 10:55:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28863534

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