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Aug 15, 2022

When most global interest rates are rising, China cuts

From the BBC World Service: The People’s Bank of China cut its benchmark interest rate for the second time this year, in a surprise move after data showed slower than expected economic growth in July. Plus, South Korea promises aid to North Korea if the country stops developing nuclear weapons. And, a year after the Taliban seized power in Afghanistan, many women and girls are still excluded from work and formal education.

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The People's Bank of China cut its benchmark interest rate by one tenth of a percentage point to 2.75%.
The People's Bank of China cut its benchmark interest rate by one tenth of a percentage point to 2.75%.
Kevin Frayer/Getty Images

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