China’s Central Bank Cuts Rates, Again. More Bitcoin Adoption in the Offing?

China’s central bank has cut its benchmark lending and deposit rates again in an attempt to stir a stuttering economy. The People’s Bank of China, the authority as the Chinese Central Bank has cut its rates and lowered the minimum ceiling of cash reserves that banks must hold, in order to try and shake up some activity to spur a slowing economy. Reuters reports that it is the sixth time since November last year that China has slowed down on its monetary policy by slashing its interest rates in the face of stagnating growth and prolonged weak inflation. The People’s […]

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