Skip to content
Subscriber Only

China Cuts Interest Rate as Growth Risks Worsen With Omicron

  • GDP rose 4% y/y in fourth quarter, 8.1% for full year
  • Retail sales weaker than forecast last month, investment slows
Bloomberg business news
WATCH: Sian Fenner of Oxford Economics discusses what the latest GDP figures and the PBOC’s decision to lowered a key interest rate mean for the economy.Source: Bloomberg
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

China’s central bank cut its key interest rate for the first time in almost two years to help bolster an economy that’s lost momentum because of a property slump and repeated virus outbreaks.