- China's central bank cut its benchmark lending rates by 25 basis points to 5.1 percent on Sunday. Last cut was on Feb. 28.
- The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis points, it said in a statement on its website, adding that the reductions would be effective on May 11.


Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
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