China's central bank cuts reserve requirement ratio, interest rate to stimulate economy

10/8/2008 7:14:31 PM   Source:chinaview.cn    Author:    [Font Size:Bigger Middle Smaller]

BEIJING, Oct. 8 (Xinhua) -- China's central bank announced on Wednesday the decline of reserve requirement ratio by 0.5 percentage points from Oct. 15, and the decrease of interest rate by 0.27 percentage points from Friday, a move to boost domestic economy amid worries over global financial crisis.

Comments


Words:
Nikename:
Relative News
Back to Homepage,