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jimmybob

11/21/14 6:54 AM

#220054 RE: jimmybob #220053

The second big move came from the People's Bank of China, which announced interest rate cuts at about 5:30 a.m. ET. This was the first time the PBoC cut rates since July 2012.

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The one-year deposit rate just got cut 0.25 points to 2.75%, and the refinancing rate was slashed 0.40 points to 3.60%.



Read more: http://www.businessinsider.com/us-market-update-nov-21-2014-11#ixzz3JhfQKzXc