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Posts tagged Monetary policy

China Slashes Interest Rates By the Most in 11 years

London, Wednesday, November 26, 2008 ARANCA News Report (www.aranca.com) : The People’s Bank of China slashed key lending rates by a larger-than-expected 108 basis points to 5.58% from 6.66%. The rates applicable from Thursday are an attempt by the bank to promote lending to local businesses. As the world’s fourth largest economy slows, China’s central bank [...]

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