China Financial Daily

November 28, 2008

After the Rate Cuts

Filed under: Financial News — Tags: — kinpoo @ 6:52 am -0800

Depositors doubted: does it cut interest rates again
The substantially interest rates cut of the Central Bank exceeded everyone’s expectations. For those public saved money in banks, the attractiveness of deposits will decline or not?

keep on a regular basis by skills
The Central Bank announced the largest interest rates cut of 1.08% in the history on 26th. After that, the one-year deposit rate fell to 2.52%, and the 5-year benchmark lending rate fell to 6.12%.

China cutting Rates stimulated the Japanese Stock Market rose
According to the comprehensive report, due to the market believed that China cutting rates will help Japan economy, many investors bought stockĀ  in hand, so the Japanese stock market index increased by 0.6% on friday. But the Panasonic down limited the market.

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