How many times has the central bank cut interest rates this year?
Four times. According to official website, the central bank cut interest rates at least four times in 2023. At 65438+ 10 month, March, May and August respectively. The central bank's interest rate cut means that the central bank reduces the deposit interest rate and loan interest rate. This policy is adopted to stimulate economic growth and reduce unemployment. By cutting interest rates, banks can provide more funds at lower cost, which will help stimulate investment and consumption, thus promoting economic growth.