China's Loan Prime Rate Cut
This is a China news story, published by Yahoo Finance, that relates primarily to Raymond James news.
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China loanReuters
•Morning Bid: China rate cuts looming, US booming
77% Informative
The People's Bank of China is expected to cut its loan prime rates on Monday .
China 's economic "data dump" on Friday wasn't as bad as many feared it could have been.
The past two quarters have been unusually weak, delivering 2.75% growth on a seasonally-adjusted annualized basis, "the weakest two-quarter growth rate in modern times" Analysts at Raymond James say the market may be "ripe for a period of consolidation".
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