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China cuts benchmark rates by 27 basis points

by Zhang Fengming

CHINA this evening announced the third interest rate cut in less than two months. The one-year benchmark lending rate will be ratchetted down by 0.27 percentage points.

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200810/20081029/article_378703.htm"> China cuts benchmark rates by 27 basis points </a> by -- CHINA this evening announced the third interest rate cut in less than two months. The one-year benchmark lending rate will be ratchetted down by 0.27 percentage points. </p>