Thursday, July 5, 2012

Economy - Voice of America: China, Europe Cut Key Lending Rates

Economy - Voice of America
economy-and-business
China, Europe Cut Key Lending Rates
Jul 5th 2012, 15:53

Two of the world's biggest economies - China and the 17-nation euro currency bloc - are cutting key lending rates in a new effort to boost their flagging economic fortunes. The Chinese central bank Thursday cut its benchmark lending rate for the second time in a month, signaling that the world's second largest economy is slumping and faced with its biggest economic challenge since the 2008 worldwide recession. Beijing trimmed its one-year lending rate by nearly a third of a percentage ...

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