• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

China Cuts Interest Rates, Reserve Ratios to Counter Slowdown

23/10/2015
Reading Time: 1 min read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

China’s central bank cut its benchmark lending rate and reserve requirements for banks, stepping up efforts to cushion a deepening economic slowdown.

The one-year lending rate will drop to 4.35 percent from 4.6 percent effective Saturday the People’s Bank of China said on its website on Friday. The one-year deposit rate will fall to 1.5 percent from 1.75 percent.

Reserve requirements for all banks were cut by 50 basis points, with an extra 50 basis point reduction for some institutions. The PBOC also scrapped a deposit-rate ceiling.

The expanded monetary easing underscores the government’s determination to meet its 2015 growth target of about 7 percent. Moderated consumer inflation and a deeper slump in producer prices have given policy makers room for further easing.

 

Credit: Bloomberg

Previous Post

Today’s Business Headlines

Next Post

AfDB can offer Ghana better rates than Eurobonds

Related Posts

Hiring mistakes to avoid

3 Common Hiring Mistakes New Managers Should Avoid

01/08/2022
United States-Africa leaders summit

United States – Africa Leaders Summit scheduled for December 2022 in Washington, DC

25/07/2022
Potential of AfCFTA,,ghanatalksbusiness.com

AfDB approves $11m grant to the African Continental Free Trade Area secretariat

25/07/2022
Open doors app, ghanatalksbusiness.com

A World made smaller with new connections

23/07/2022
WhatsApp business, ghanatalksbusiness.com

How to grow your business with WhatsApp

22/07/2022
Starting a business in Africa

Seven mistakes the African diaspora make when starting a business in Africa

20/07/2022
Next Post

AfDB can offer Ghana better rates than Eurobonds

REAL ESTATE: Appolonia City Of Light Open Day receives massive patronage

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In