JSE slips after China’s central bank cuts key rate

The JSE was weaker on Tuesday with its global peers mixed, as markets considered a move by China’s lenders to cut the country’s benchmark loan prime rate for the first time since June.

The People’s Bank of China slashed its five-year loan prime rate by 25 basis points to 3.95%, the largest reduction since a revamp of the rate was rolled out in 2019…

Source: businesslive.co.za