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China makes surprise interest rate cut

By: Yossel in CHINA | Recommend this post (0)
Thu, 07 Jun 12 6:08 PM | 171 view(s)
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China makes surprise interest rate cut

Related VideoMarket Pulse: China's rate cut boosts euro, stocks

7:00am EDT China's nation flag flies in front of the headquarters of the People's Bank of China, the central bank, in Beijing November 30, 2011.

BEIJING (Reuters) - China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in step along the path of liberalization

Credit: Reuters/Soo Hoo Zheyang

Kevin Yao and Nick Edwards

BEIJING
Thu Jun 7, 2012 8:48am EDT

link-
http://www.reuters.com/article/2012/06/07/us-china-economy-rates-idUSBRE8560IX20120607




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