PBOC: Cuts interest rates, reserve requirement ratio to spur growth. Go back »

2008-11-27 | All chapters

PBOC: Cuts interest rates, reserve requirement ratio to spur growth.

China's central bank slashes the lending and deposit rates by 1.08 percentage points.

·It was the largest cut since October 1997.

·The PBOC also said that as of Dec. 5, it will lower the reserve requirement ratio.

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http://www.pbc.gov.cn/detail.asp?col=100&id=2942

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