The People's Bank of China reduced key interest rate to 6.00%

Note: This section contains information in English only.
Source: Reuters
The central bank of China reduced its interest rate twice during two-month period.The decision followed the ECB announcement about the interest rates cut. China's benchmark interest rate was lowered to 6%, whereas deposit rates were sent down to 3%. Proposed lending rates will be applied since Friday 5th of July. Moreover, China has reduced the RRR three times since November 2011, injecting additional 1.2 trillion Yuan in the economy.



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