Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)
http://www.shanghaidaily.com/sp/article/2008/200812/20081222/article_385465.htm
China cuts key interest rate for 5th time in 4 months
Created: 2008-12-22 19:52:30
CHINA is cutting interest rates for the fifth time in four months to support its slowing economy.
The central bank said this evening that the one year lending and deposit rate would be reduced by 0.27 percentage point to 2.25 percent.
Easing in inflation in China has allowed authorities to cut interest rates further and inject money into the economy in an effort to revive slowing growth.
The central bank said this evening that the one year lending and deposit rate would be reduced by 0.27 percentage point to 2.25 percent.
Easing in inflation in China has allowed authorities to cut interest rates further and inject money into the economy in an effort to revive slowing growth.
Agencies
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