FTSE 100 : London rallies on China interest rate cut

This morning, China’s central bank (PBOC) lowered its two benchmark interest rates by 25 basis points, as expected. The one-year LPR was cut from 3.35% to 3.1%, and the five-year LPR, which serves as a benchmark for property loans, from 3.85% to 3.6%. This move was largely anticipated, but it remain…
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