Economy

Roland99

(53,345 posts)

9. China's central bank cuts lending, deposit rates

Thu Jul 5, 2012, 08:28 AM

Jul 2012

http://www.marketwatch.com/story/chinas-central-bank-cuts-lending-deposit-rates-2012-07-05?dist=beforebell

HONG KONG (MarketWatch) -- The People's Bank of China cut its benchmark lending and deposit rates late Thursday, its second rate cut since early June, according to reports. The Chinese central bank lowered its one-year yuan deposit rate 25 basis points and its one-year lending rate by 31 basis points, according to Dow Jones Newswires. The central bank also announced more relaxed rules on lending, allowing bank lending rates to fall to 70% of the benchmark rate, down from 80% currently

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

53 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Thursday, 5 July 2012 [View all] Tansy_Gold Jul 2012 OP

It is No Mystery: The Real Reason Conservatives Keep Winning Demeter Jul 2012 #1

Got to hand it to "Chimpanzee Politics," and beta-males following the alpha-male. TrollBuster9090 Jul 2012 #2

And beautiful women stand next to the cars at auto shows. tclambert Jul 2012 #3

True enough. The human brain is more evolved than the chimpanzee brain, but all of that extra space TrollBuster9090 Jul 2012 #53

I don't think there are any alpha males in the GOP Demeter Jul 2012 #4

June private-sector jobs rise 176K: ADP Roland99 Jul 2012 #5

What Hath Roberts Wrought? by George Lakoff and Elisabeth Wehling Demeter Jul 2012 #6

Obamacare as Regressive Taxation By Christopher Petrella Demeter Jul 2012 #8

The EPA decision was very limited. westerebus Jul 2012 #22

"Count the votes" we collectively screamed to our Dem representatives kickysnana Jul 2012 #47

ECB cuts refi rate to record low 0.75% Roland99 Jul 2012 #7

China's central bank cuts lending, deposit rates Roland99 Jul 2012 #9

Mitt Romney and the New Gilded Age Robert B. Reich Demeter Jul 2012 #10

it's still hot...but i'm ready for it! xchrom Jul 2012 #11

WHOA: CHINA CUTS INTEREST RATES xchrom Jul 2012 #12

Eliot Spitzer Gets A New Job xchrom Jul 2012 #13

That's no job for Spitzer Demeter Jul 2012 #20

great minds think a like -- i think it's part of his rehabilitation. nt xchrom Jul 2012 #21

If one can be rehabilitated by decending further into disgrace... Demeter Jul 2012 #25

... xchrom Jul 2012 #27

The Euro Is Plunging After Huge ECB Decision xchrom Jul 2012 #14

Draghi: Expect slow, gradual recovery by year-end Roland99 Jul 2012 #19

Quantitative Easing is alive and well Demeter Jul 2012 #15

BIG BEAT: PRIVATE PAYROLLS JUMP 176K (Analysts Expected 100K) xchrom Jul 2012 #16

Today's Employment Reports (unemployment claims on the decline) >>>> Roland99 Jul 2012 #17

US Futures down after central bank moves. Roland99 Jul 2012 #18

TONS OF STUFF HAPPENED THIS MORNING�Here's Why It's Causing The Dollar To Surge xchrom Jul 2012 #23

Moving on lying statistics is crazy Demeter Jul 2012 #26

That's what I was wondering - after all this time xchrom Jul 2012 #29

Massive Furor in UK Over Libor Manipulation; Where�s the Outrage Here? Demeter Jul 2012 #24

Nobody knows about it here. Fuddnik Jul 2012 #38

I didn't know hewas getting divorced Demeter Jul 2012 #42

Neither did he, until it was filed. Fuddnik Jul 2012 #44

Anderson Cooper is getting a divorce? westerebus Jul 2012 #49

Quelle Surprise! State Legislatures Aren�t Buying Bogus Mortgage Settlement Demeter Jul 2012 #28

SPAIN IS GETTING WALLOPED xchrom Jul 2012 #30

Today's Reports (June ISM) >>>> (ruh roh!) Roland99 Jul 2012 #31

Philippines credit rating upgraded to a nine-year high xchrom Jul 2012 #32

How Radical Economics Led to U.S. Independence Demeter Jul 2012 #33

It Looks Like Firefox Was Updated, Again Demeter Jul 2012 #34

Getting tired of it myself. Fuddnik Jul 2012 #40

French to tax foreign second-home owners xchrom Jul 2012 #35

Good! n/t Hotler Jul 2012 #51

Kenya cancels Iran oil imports over sanctions threat xchrom Jul 2012 #36

They didn't waste any time deploying the fairies Demeter Jul 2012 #37

Are you insinuating that they're Faer-weather faeries? Fuddnik Jul 2012 #41

More like slaves Demeter Jul 2012 #43

JPMorgan probed over possible power market manipulation Demeter Jul 2012 #39

Retailers post worst June sales in three years Demeter Jul 2012 #45

80% Of The World's Industrial Activity Is Now Contracting Roland99 Jul 2012 #46

Just back from enjoying the holiday with my family in Indiana DemReadingDU Jul 2012 #48

Welcome back in one piece Demeter Jul 2012 #50

very true DemReadingDU Jul 2012 #52