Chinese rate cut
People’s Bank of China Finally Cuts Interest Rates — Timing of First Cut Since December 2008 Is a Surprise
June 7, 2012
Monetary easing has intensified in China ahead of a 10-year shift of political leadership and amid mounting concern about the slowing economy. Forthcoming economic data are likely to showcase weakness. Beginning in November 2011 and most recently in April of this year, officials had three times reduced reserve requirement ratios by 50 basis points apiece, […] More
