China’s central bank made the announcement on its website, saying that the one-year bank lending rate would drop 0.25 percentage point to 5.35 percent.
Similar Stories to China Cuts Interest Rates To Stimulate Slowing Economy on Bing News
By DAVID BARBOZA, NY Times: Business
Sat, 02/28/2015 - 6:39am
BING NEWS:
- Fed leaves interest rates unchanged with just one cut projected by the end of 2024
The Federal Reserve announced it would maintain the federal funds rate range at 5.25% to 5.5%, where rates have held steady since last July.
06/13/2024 - 5:49 am | View Link - Why the Fed Is Unlikely to Cut Interest Rates Before December
It will take a convincing slowdown in inflation in the coming months, or a sudden spike in the unemployment rate, to get the Fed to move more quickly.
06/13/2024 - 2:03 am | View Link - Wall Street climbs on hopes for coming cuts to interest rates
U.S. stocks rose after a surprisingly encouraging update on inflation and a reassurance that the Federal Reserve still sees a cut to interest rates as likely this year ...
06/12/2024 - 10:10 am | View Link - Inflation Slows More Than Expected in May. Does This Put Interest Rate Cuts Back on the Table?
The CPI report is unlikely to affect today's Fed vote. Here's what changes in inflation and interest rates could mean for your money.
06/12/2024 - 8:44 am | View Link - How the Federal Reserve impacts mortgage rates: Will mortgage rates go down in 2024?
Its primary tool for slowing inflation is the federal funds rate, which is the interest rate banks charge each other ... During the COVID-19 pandemic, the Fed reduced rates to near zero to stimulate a ...
06/12/2024 - 8:26 am | View Link - More
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