Chinese policy makers cut rates for the third time in six months, further cuts likely in the months ahead


Chinese Economic Update – 12 May 2015
Chinese policy makers cut rates for the third time in six months, further cuts likely in the months ahead
Once again Chinese policy makers took centre stage over the weekend when they announced the third rate cut in just six months. The PBOC cited “relatively large downward pressures” facing the economy as the core reason for slashing its benchmark 1 yr deposit rate to 2.25% and […]