China may cut interest rates by 100 bps

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Source: Forexfactory
China may lower interest rates by about 100 bps in the second half of 2012 to boost growth in view of deteriorating global economic outlook, said official familiar with the matter. The reserve requirements are also likely to be cut three times till the end of 2012 as domestic and foreign economic data were weaker than expected, added Cao Wenlian, director of International Cooperation Center.


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Thu, 14 Jun 2012 11:09:53 GMT

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