You are here

China cuts benchmark interest rates, first since July 2012

Deposit rate down 0.25 point at 2.75%; lending rate reduced by 0.4 point to 5.6%

ChinaInterest221114.jpg
China cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world's second-largest economy.

Beijing

CHINA cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world's second-largest economy.

The one-year deposit rate was lowered by 0.25 percentage point to 2.75 per cent, while the one-year lending rate was reduced by 0.4

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom