Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China lowers interest rates for 5th time

by Tony Sagami on December 21, 2008

in Asian Market, Interest Rate News, Stock Market in China

The People’s Bank of China (the Chinese Fed) cut it keylending rate by 27 basis points 5.31%. This is the fifth time since September thatChina has cut interest rates.

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