The Traderszone Network

Published in TZ Latest News 10 May, 2015 by The TZ Newswire Staff

China cuts interest rates for third time since November as economy sputters

China’s central bank cut its benchmark interest rate on Sunday for the third time since November, as economic growth cools to levels not seen since the global financial crisis. The central bank said in a statement on its website that the move would support the healthy development of the economy. Economists had said it was not a matter of if, but when China eased policy again after economic growth in the first quarter cooled to 7 percent, the slowest pace since 2009.