AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
China central bank cuts interest rates, third time in six weeks UPDATE2.
(From AFX Europe (Focus))
BEIJING (XFN-ASIA) - The People's Bank of China will cut interest rates for the third time in six weeks as part of the government's multi-pronged strategy to shore up domestic growth in the face of the global financial crisis and sharp economic slowdown.
The central bank said that it will cut the benchmark one-year lending and deposit rate by 27 basis points, effective tomorrow.
The cuts will leave the deposit rate at 3.60 pct and the lending rate at 6.66 pct, according to a statement on the central bank's website.
The central bank announcement came hours before the US Federal Reserve is expected to announce its …
-
- China should raise interest hikes further - Financial News.
-
News wire article from: Europe Intelligence Wire
August 28, 2006
700+ words
-
- Turkish Central Bank Data on Debts, Total Deposits, Consumer Prices Summarized
-
Newspaper article from: BBC Monitoring International Reports
September 20, 2012
700+ words
-
- China to resume issuance of medium-term commercial paper - central bank.
-
News wire article from: Europe Intelligence Wire
October 6, 2008
700+ words
-
- (2nd LD) S. Korea's central bank freezes key rate for June.
-
News wire article from: Asia Africa Intelligence Wire
June 9, 2005
700+ words
-
- DIARY - European Central Bank (ECB) events to November 30.
-
News wire article from: Europe Intelligence Wire
October 7, 2008
700+ words
