PBC: cuts interest rate, reserve requirement to stimulate economy Go back »

2008-10-16 | All chapters

PBC: cuts interest rate, reserve requirement to stimulate economy

The deposit and lending rates would be lowered by 0.27 percentage points from Thursday and the reserve-requirement ratio would be down by 0.5 percentage points from Oct. 15, the People's Bank of China (PBOC) said.

For full text in Chinese please click here

http://www.pbc.gov.cn/detail.asp?col=100&id=2868

For full text in English please click here