Analysis of China's interest rate cut, US political landscape, and technology outage impact on the economy

The decision of the People’s Bank of China to cut rates by 0.1 percentage point was perhaps inevitable—even on official data, the domestic economy is lethargic. Does a small change in borrowing costs really alter anything? Arguably, China is not constrained by the cost of credit. This is a signal of policymakers’ concerns over economic growth, and perhaps represents a downpayment on future action.