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PBOC cuts rates for sixth time since November

Central bank again lowers amount of cash lenders must hold as reserves
Saturday, October 24, 2015 - 05:50
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China's central bank cut interest rates for the sixth time since November on Friday, and it again lowered the amount of cash that banks must hold as reserves in another attempt to jumpstart a slowing economy.

Beijing

CHINA'S central bank cut interest rates for the sixth time since November on Friday, and it again lowered the amount of cash that banks must hold as reserves in another attempt to jumpstart a slowing economy.

The People's Bank of China (PBOC) said on its website that it was

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