FEB 20. China lowered the rate…

Chun09
4 min readFeb 21, 2024

China’s Central Bank surprised the world today as lowering the 5-year load prime rate by 0.25%. They lowered the rate to 3.95% and it was much bigger than market expected. Despite of this big decision, Chinese stock market was not responding well today. Hong Kong’s Hang Seung Index was up only 0.2%. But Chinese Yuan rate have touched the lowest in three months, ended at 7.19 per US dollar.

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Chun09

Trying every day, engraving what we’ve been through