Sunday, July 8, 2012

China’s Central Bank Slashed Interest Rates - Latest Banking News

Here is Latest Financial Business Banking News on China’s Central Bank reduction on Interest Rates.

China’s Central Bank lowered interest rates to sustain slowdown in the china economy growth.

This is second time in last two months in alteration of interest rates.

These latest attempts in rate cuts will effective from July’s Friday of first week (July 7th).

This cutting lending and deposit rates of central bank is to withstand the china’s inflation and slowdown situation in country financial economy growth in 2012.

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