China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21
March 01, 2015 at 06:47 AM EST
China surprised the world by confirming its economic slowdown yet again following a recent rate cut just this past November when it lowered its benchmark rate by 40 bps. It has again cut benchmark lending and deposit rates by 25 bps as of March 1.
