E18 | Raise or cut interest rates? | HSK 6 C1
Jun 24, 2023•2 min•Season 3Ep. 18
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Episode description
Mandarin Listening Practice.
Brief:
on 8th June 2023, China's biggest state banks cut deposit rates to 2.45% ( 3-year fixed rate) and 2.5% (5-year fixed rate)
On 22nd June 2023, the Bank of England announced an increasein the Bank of England Base Rate from 4.50% to 5.00%.
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