China reduces interest rates to avoid the economic slowdown

Note: This section contains information in English only.
Source: BBC
The second time during the last two months the central bank of China has cut the benchmark interest rate in  attempt to prevent the economic slowdown. Benchmark lending interest rates were decreased from 6.31% to 6%, whereas deposit rates were diminished by 0.25%, from 3.25% to 3%. During the first three months of 2012, China had the slowest economic growth in the last three years; however, lower  interest rates are likely to support domestic demand in the next quarters.
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Fri, 06 Jul 2012 07:59:42 GMT

ECB reduced key interst rate to record low of 0.75%

As the European economy is still in the recession, the ECB cut its core interest rate to 0.75% from 1%, the lowest rate in the Eurozone's history. Moreover, the bank decreased the deposit yield to 0% from 0.25% to encourage the lending among banks. Meanwhile Mario Draghi, ECB president, announced that the Eurozone's economy is expected to grow slightly or

Fri, 06 Jul 2012 07:14:42 GMT

China's growth may fall below 7.5% in Q2

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