China rate cut

China cuts rates, gives lenders more freedom

Alongside an interest rate cut that heralds more bad economic data, China's central bank gives lenders greater freedom to set their own rates.

<div style="text-align: left;"> The headquarters and head office of China's central bank </div>

Lillian Liu

June 08, 2012

China’s central bank cut interest rates by a quarter of a percentage point last night to stoke the weakening economy.

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