The People's Bank of China is reportedly planning interest rate cuts"at an appropriate time" this year, the Financial Times reported citing comments from the central bank. The country's 7-day reverse repo rate is currently set at 1.5%.
Asia-Pacific markets opened higher Friday, breaking ranks with Wall Street peers that ended lower on the first trading session of 2025, weighed down by tech stocks.Separately, China's commerce ministry plans to impose export restrictions on certain technology used to make battery components and for processing critical minerals like lithium and gallium, according to a
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