China's central bank cut its benchmark lending rates by 25 basis points to 5.1 percent on Sunday. Last cut was on Feb. 28. The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis point…
China's central bank cut its benchmark lending rates by 25 basis points to 5.1 percent on Sunday. Last cut was on Feb. 28.
The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis points, it said in a statement on its website, adding that the reductions would be effective on May 11.
