🚨 Another interest rate cut on China's 14-day Reverse Repo rates.

Is China panicking over the drop in economic and real estate activity?

I suspect other central banks might adopt similar policies soon.

https://image.nostr.build/c7623ccfd80f604a04bf1ba7ec6074c53e369365afef85fec28ac1b43c36bbc2.jpg 

 China over invested in construction and manufacturing so they're trying to spur domestic demand. They have a deflation problem