China may cut interest rates in Q2

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Source: China.org.cn
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 6.06% from 6.66 currently offered by the bank. Moreover, in case escalated geopolitical tensions cause oil crisis the inflation in China is likely to tumble to 3.33% in 2012, the university added.

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Mon, 27 Feb 2012 09:23:05 GMT

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