China seen reducing interest rates again after first cut since 2012
PBOC will act to shore up demand as weakest growth since 1990 is likely: economists
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CHINA is poised to deliver deeper interest rate cuts after last week's unexpected decision to reduce borrowing costs for the first time since 2012.
With the world's second-largest economy on track to record its weakest annual growth since 1990, economists at JPMorgan Chase & Co, Barclays plc and UBS AG all said the People's Bank of China (PBOC) will act again to shore up demand.
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