Central Bank Watch
Another Round of Chinese Central Bank Rate Reductions
May 10, 2015
The Monetary Policy Committee at the People’s Bank of China cut both its one-year lending and one-year deposit rates by 25 basis points to 5.10% and 2.25%, matching the prior round of cuts in February and bringing the cumulative declines since November to 90 basis points and 75 bps. Previous cuts totaling 56 bps and […] More
