The decision of People’s Bank of China on the interest rate is due at 03:30 (GMT+2). This year, the Chinese regulator again began to reduce the rate, did it twice and brought the figure to 4.20%. However, the state of the PRC economy continues to deteriorate. In Q3 2019, China’s GDP again slowed down, this time to 6.0%. Under these conditions, the People’s Bank of China may well lower the rate once again or apply other measures of economic support.
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