China cuts rates

CHINA has cut its official interest rates for the first time in four years in the latest sign of concern about the deepening eurozone crisis.

As part of a managed slowdown the People's Bank of China cut its one-year lending rate by a 0.25 percentage points to 6.31 per cent.

The one-year deposit rate is also lower, down to 3.25 per cent.

Earlier this year the People's Congress nominated a growth rate of 7.5 per cent, which sends a message about a managed slowdown.

But this is also about politics and managing sensitivities about the political change of guard at the top and the potential for any unrest.

Read more at ABC news online.

Topics:  cash rate, china, chinese economy, interest rates



Local Real Estate

finda logo
Featured Real Estate
Freestanding Home in... $560,000
Town House 3 2 2
POSSIBILITIES FOR... $750,000
Rural 3 1 1
A BIRD-LIFE SANCTUARY $495,000
House 4 2 2

Featured Jobs

finda logo

Lismore jobs listed daily

Featured Jobs
GENERAL MANAGER ... Gladstone Full Time $120 - $150
Cook Required Lismore Full Time
Legal Secretary/... Ballina Full Time
PRODUCTION LINE - FITTER... Billinudgel Part Time


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Your Chance to Win!

Click here for more details...
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

Your dreams are vivid, and there may be some psychic experiences that will help you come to a conclusion over a problem. Trust your instincts.

read more

Marketplace

Special Offers & Promotions

Compare & Save