Friday, October 23, 2015 12:33:51 PM
China cuts rates again as growth engine stalls
China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy.
Monetary policy easing in the world's second-largest economy is at its most aggressive since the 2008/09 financial crisis, as growth looks set to slip to a 25-year-low this year of under 7 percent.
http://in.reuters.com/article/2015/10/23/china-economy-policy-idINKCN0SH19120151023
China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy.
Monetary policy easing in the world's second-largest economy is at its most aggressive since the 2008/09 financial crisis, as growth looks set to slip to a 25-year-low this year of under 7 percent.
http://in.reuters.com/article/2015/10/23/china-economy-policy-idINKCN0SH19120151023
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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