The action by the People’s Bank of China, the central bank, the latest in a series of steps to try to spur lending, was more modest than expected.
Tag: Government Bonds
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U.S. Mortgage Rate Jumps to Highest Level Since 2002
The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
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Inflation Picks Up, but Details Under the Surface Are Encouraging
Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.
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Bank of Japan Edges Toward Letting Rates Rise
Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.