Central Banks
PBOC Says Internet Users Spreading Rate-Cut Rumors Were Punished
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China’s central bank said has punished two internet users who spread false information about interest-rate cuts, and it vowed to step up efforts to crack down on such offenses.
The People’s Bank of China said it investigated a 39-year-old woman surnamed Huang and a 42-year-old man surnamed Nie who were suspected of spreading rumors about rate cuts to gain attention and attract online followers, according to a statement posted on its official Wechat account Friday. The two offenders had conveyed the information under the guise of financial media and information-service institutions, the central bank said.