I’m Chris Anstey, a senior editor for economic policy in Boston, and today I’m looking at China’s micro interest-rate cuts. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X, the social media platform formerly known as Twitter, via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The latest economic “surprise” out of China came Monday, when banks left an important benchmark for mortgage rates on hold, despite the central bank having lowered its own key rates last week.