HONG KONG -- China's central bank on Monday cut a key interest rate to boost business and consumer confidence amid shaky growth.
The People's Bank of China trimmed down the policy interest rate on 7-day reverse purchase agreements, known as reverse repo, to 1.7%, from 1.8%, aiming to "step up financial support for the real economy."
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)