China cuts rates for third time in 6 weeks (Oct 30)

CHINA yesterday announced its third interest rate cut in six weeks. The move was seen as part of a widely expected new round of global rate cuts.

China will lower both one-year benchmark lending and deposit rates by 0.27 percentage points starting today, the People's Bank of China said yesterday on its Website.

For more reading: www.shanghaidaily.com/sp/article/2008/200810/20081030/article_378804.htm


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