Saturday, June 27, 2015

China's 7% Market Plunge: China cuts interest rates

China Cuts Interest Rates After Market Plunge

New York Times - ‎2 hours ago‎
HONG KONG - Acting a day after the Shanghai and Shenzhen stock markets plunged more than 7 percent, China's central bank cut interest rates on Saturday and reduced the reserves that certain banks must hold.
China central bank eases policy again to support economy
China central bank cuts interest rate by 25 basis points

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