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Reuters BusinessNov 17, 2019
Asia shares hauled higher as China trims key repo rate
Asian shares ticked higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that further stimulus was on the way for the world's second-largest economy.

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GLOBAL MARKETS-Asia shares hauled higher as China trims key repo rate (Reuters Company News)

Yahoo BusinessNov 17, 2019
China cuts short-term funding rate for first time since 2015
China's central bank unexpectedly trimmed a closely watched lending rate on Monday, the first such cut in more than four years and a signal to markets that policymakers are ready to act to prop up slowing growth. The People's Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%. The move cheered China's bond market and comes just two weeks after the PBOC cut the borrowing cost on its medium-term lending facility (MLF), used by banks for longer-dated funding needs, by the same margin.

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