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China Cuts Benchmark Interest Rates By 25 Basis Points – Business Insider

China cut benchmark interest rates by 25 basis points.

You hear a lot about Chinese rate cuts, but this is a different one.

Most rate cuts are cuts to the reserve requirement ratio, which is a modest move.

This time it’s the first straight up rate cut since 2008.

Futures are ripping higher on the news…

via China Cuts Benchmark Interest Rates By 25 Basis Points – Business Insider.

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