Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China cuts benchmark interest rates by 0.27 percentage points
+ -
20:00, October 29, 2008

 Related News
 Bank of China predicts interest rate hikes in first half
 Central bank deliberates interest rate rise
 Why indices ignored rise in interest rates
 Experts upbeat about Chinese economy in 2nd half, differ on macro
 Related Channel News
· U.S. financial crisis triggered global turmoil
 Comment  Tell A Friend
 Print Format  Save Article
China's central bank announced on Wednesday it would cut benchmark interest rates by 0.27 percent to spur economic growth.

The move would become effective on Oct. 30.

The benchmark one-year deposit rate would drop to 3.60 percent from 3.87 percent, while the benchmark one-year lending rate would fall from 6.93 percent to 6.66 percent.

The central bank had just announced another rate cuts two weeks ago. The move came amid rate cuts by worldwide central banks to stimulate the slacking economy.


  Your Message:   Most Commented:
30th Anniversary of China's Reform and Opening-up
The Treasury's $ 700 billion rescue is a double-edged sword
Obama widens leading margins over McCain in national polls 
ASEM summit closed session focuses on global financial crisis
Financial crisis is teaching us how to spend money

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved