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China's Second Rate Cut Sparks Concerns of Instability in Global Markets

China's Second Rate Cut Sparks Concerns of Instability in Global Markets

CointimeCointime2024/07/25 11:56
By:Cointime

China's unexpected reduction in interest rates has caused panic and increased risk aversion in the market. According to one observer, the steepest risk is the steepening of the U.S. Treasury yield curve. On Thursday, risk assets declined as a result of China's second interest rate cut in a week, raising concerns about instability in the world's second-largest economy.

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