News Snapshot:
Beijing, January 22: China slashed lending rates for the second consecutive month as the country contends with a deepening slump in the real estate market and slowing economic growth, a media report said. The People's Bank of China on Thursday cut its one-year loan prime rate by 10 basis points to 3.7 per cent, the second cut to the rate in a month, The HK Post reported. Also Read | World Economic Forum’s Annual Meeting Rescheduled to May 22-26. December's cut was the first time the central bank touched the benchmark lending rate since April 2020, when China was in...
