empty
 
 

2012.06.0708:44:00UTC+00China's Central Bank Lowers Interest Rates

China's central bank on Thursday unexpectedly cut benchmark interest rates by 25 basis points.

The People's Bank of China reduced the rate by a quarter point to 6.31 percent, effective from June 8. The deposit rate was lowered to 3.25 percent from 3.5 percent.

Earlier, China lowered the reserve requirement ratio by 50 basis point in February after taking similar such move in December 2011.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback