JSE slips after China’s central bank cuts key rate
Markets are seeking signs of ‘fiscal stimulus that will target the consumption glut’
20 February 2024 – 11:27
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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