China announces rate cut

China announces rate cut

Pan Gongsheng (2nd from L), governor of the People's Bank of China, attends a press conference in Beijing on May 7, 2025. The Chinese central bank said it will cut a key policy interest rate the following day.

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  • ILEA004390674
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  • 2025 Kyodo News
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China announces rate cut

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Pan Gongsheng (L), governor of the People's Bank of China, speaks at a press conference in Beijing on May 7, 2025. The Chinese central bank said it will cut a key policy interest rate the following day.