China central bank cuts interest rate

GMT 10:37 2015 Saturday ,27 June

Arab Today, arab today China central bank cuts interest rate

China's central bank
Beijing - AFP

China's central bank said Saturday it would again reduce interest rates by 25 basis points, its fourth such cut since November as it tries to boost growth.

The benchmark interest rate would be reduced to 4.85 percent and the deposit rate to 2 percent from Sunday, the People's Bank of China (PBoC) said on its website.

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