Arab Today, arab today china to cut interest rates amid growth slowdown
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

China to cut interest rates amid growth slowdown

Arab Today, arab today

Arab Today, arab today China to cut interest rates amid growth slowdown

Shanghai - AFP

China will cut interest rates from Friday, the central bank said, for the first time since 2008 amid growing concerns over a growth slowdown in the world\'s second largest economy. The People\'s Bank of China will cut the benchmark one-year lending rate by 0.25 percentage points while the one-year deposit rate will fall by the same amount, according to a statement on its website.

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