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MercoPress, en Español

Montevideo, November 25th 2024 - 04:18 UTC

Tag: China's cuts interest rates

  • Monday, May 11th 2015 - 10:08 UTC

    China's cuts interest rates to reduce cost of borrowing and boost the economy

    The benchmark one-year lending rate is reduced to 5.1% and the deposit rate to 2.25% from Monday, the People's Bank of China (PBoC) said on its website.

    China's central bank announced Sunday it would cut interest rates by 25 basis points as authorities seek to boost the flagging economy following a raft of data indicating a slowdown. The benchmark one-year lending rate would be reduced to 5.1% and the deposit rate to 2.25% from Monday, the People's Bank of China (PBoC) said on its website.