China move leaves markets unfazed - February 20, 2024
China move leaves markets unfazed - February 20, 2024
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China move leaves markets unfazed - February 20, 2024
The Market Screener • 20/02/2024 • 4 min
Wall Street returns and remains subdued after a long bank holiday weekend. Earlier today, the People's Bank of China (PBOC) unveiled a record cut in its five-year prime lending rate, in a bid to boost the property market and stimulate the economy. But that wasn’t enough to boost global indices.