SHANGHAI -- China's central bank cut interest rates again on Monday, including a key mortgage-linked benchmark, as policymakers scramble to shore up an economy battered by a crisis in the property market and repeated COVID-19 lockdowns.
Economy
China cuts rates again to shore up stumbling economy
Central bank lowers one-year loan prime rate to 3.65% from 3.7%
Chinese policymakers are taking steps to shore up an economy battered by repeated COVID-19 lockdowns and a property market crisis. © Reuters
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