China's rate cut was 108 basis points to 5.58 per cent for loans and 2.52 per cent for deposits. It is the fourth reduction in interest rates in China since September.
Wednesday, November 26, 2008
China Cuts Interest Rates By Largest Amount In More Than a Decade
It's going to be worldwide inflation. The only solution governments have to their recession causing money manipulations.
China's rate cut was 108 basis points to 5.58 per cent for loans and 2.52 per cent for deposits. It is the fourth reduction in interest rates in China since September.
China's rate cut was 108 basis points to 5.58 per cent for loans and 2.52 per cent for deposits. It is the fourth reduction in interest rates in China since September.
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