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[QUOTE="ForexSQ, post: 73547, member: 8529"] China Cuts Interest Rates for First Time Since 2012 China cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world’s second-largest economy, sending global shares, oil and metals prices higher. The one-year lending rate was reduced by 0.4 percentage point to 5.6 percent, while the one-year deposit rate was lowered by 0.25 percentage point to 2.75 percent, effective tomorrow, the People’s Bank of China said on its website today. [url]http://www.forexsq.com/economy/china-cuts-interest-rates-for-first-time-since-2012-|-top-forex-brokers/[/url] [/QUOTE]
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