China Cuts Interest Rate
Aggregated Source: China Venture News
September 17, 2008|
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After five years of tight monetary policy, China's central bank announced a cut in a key interest rate Monday.
According to an AP report, the bank said it was lowering the rate on one-year yuan-denominated loans by 0.27 percent to 7.20 percent effective Tuesday.
China has had relatively tight monetary policy since 2003 in an effort to keep inflation low and prevent the economy from overheating. But the slowing of the Chinese economy has evidently now become more of a concern. Analysts think the move will help stop the decline in China's stock markets.
© Montrasio International
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Copyright China Venture News
According to an AP report, the bank said it was lowering the rate on one-year yuan-denominated loans by 0.27 percent to 7.20 percent effective Tuesday.
China has had relatively tight monetary policy since 2003 in an effort to keep inflation low and prevent the economy from overheating. But the slowing of the Chinese economy has evidently now become more of a concern. Analysts think the move will help stop the decline in China's stock markets.
© Montrasio International
See full article.
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China Threatens to Crash Dollar? - 13 August 2007
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Contents of this feed are a property of Creative Weblogging Limited and are protected by copyright laws. Violations will be prosecuted. Please email us if you'd like to use this feed for non-commercial activities at feeds - at - creative-weblogging.com.
Original URL: Click here to visit original article
Copyright China Venture News
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