FLASH: CHINA'S CENTRAL BANK CUTS BENCHMARK LENDING AND DEPOSIT RATES BY 0.27 PERCENTAGE POINT

2008-10-29 | ONLINE EDITION

China cuts rates for third time in 6 weeks

CHINA yesterday announced its third interest rate cut in six weeks. The move was seen as part of a widely expected new round of global rate cuts. China will lower both one-year benchmark lending and deposit rates...

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Drafting of rules on policy
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FLASH: CHINA'S CENTRAL BANK CUTS BENCHMARK LENDING AND DEPOSIT RATES BY 0.27 PERCENTAGE POINT

China cuts rates for third time in 6 weeks

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