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China's abrupt rate cut renews concerns about its economic growth

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Market Market participants have been left bewildered as, despite a GDP growth of 6.9% in Q3, the People’s Bank of China (PBoC) has abruptly cut interest rates for the sixth time since November 2014. The Chinese government’s aggressive use of monetary policy to jumpstart the Chinese economy has had an adverse effect, with fears renewed about the pace of growth. With economic weakness in China likely to draginto Q4, China Premier Li Keqiang has already stepped forward and educated

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