🔥 The People's Bank of China cuts interest rates after 6 months

While the Fed has "no reason" to cut interest rates, the People's Bank of China is doing the opposite

Specifically:

- Reduced the one-year loan interest rate from 3.1% to 3%

- Reduced the five-year loan interest rate from 3.6% to 3.5%

This is the "first cut" since October 2024 to date