China’s central bank cuts key interest rate as US tariffs threaten economy

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BEIJING (AP) — China’s central bank cuts has cut a key interest rate as U.S. tariffs threaten the economy. People’s Bank of China Governor Pan Gongsheng announced Wednesday that the lending rate to commercial banks would be reduced by 0.25% to 1.5%.

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BEIJING (AP) — China’s central bank cuts has cut a key interest rate as U.S. tariffs threaten the economy. People’s Bank of China Governor Pan Gongsheng announced Wednesday that the lending rate to commercial banks would be reduced by 0.25% to 1.5%.

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