Posts Tagged ‘little guys’

China cuts interest rate, banks’ reserve requirements

Wednesday, November 26, 2008 8:08 1 Comment

China Wednesday reduced both its lending and borrowing rates by 1.08 percentage points in an effort to ease the money supply.  The Chinese central bank’s one-year yuan lending rate is now 5.58%, while the rate on one-year yuan deposits rate has been lowered to 2.52%.
The central bank also reduced bank reserve requirements by 1% for [...]

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