China Trims Market Borrowing Costs as Economic Outlook Dims

(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.China lowered the cost it charges on short-term open-market operations for the first time since October 2015, a move aimed at shoring up confidence following a string of poor economic data.The People’s Bank of China cut the interest rate on its seven-day reverse repurchase agreements to 2.5% from 2.55% on Monday