Mon, 27 Feb 2012 08:41:14 GMT
China may cut interest rates in Q2
China may cut its interest rates in Q2 in view of bleak world's economic outlook, reported Xiamen University. The university predicts the central bank to lower the interest rate by 25 basis points in both Q2 and Q3 as the country's growth is expected to decelerate. Hence, after two cuts the interest rate for one-year lending will be cut to