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Interest Rate Cuts Topics

China rate cut a gamble that banks will boost economy

China's second surprise rate cut and lending reform in the space of a month shows that Beijing wants borrowing to play a greater role in reviving an economy struggling with its weakest pace of growth since the global financial crisis.

 

European Central Bank Cuts Rate

Aggressive step comes as new data showed that wholesale prices fell 1.9% last month in U.S.

 

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