Update:China cuts interest rates
Publisher |
BBC
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
Business
News
Publication Date |
Jan 18, 2022
Episode Duration |
00:12:56
China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Geoffrey Yu, senior market strategist at bank of New York Mellon, explains the possible reasoning behind the move. Antonio Horta-Osorio has resigned as chairman of Credit Suisse following Covid breaches. The departure comes on the heels of a string of scandals for the beleagured bank.

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