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Tele interview: Impact of 2nd interest rate cut in a month

07-06-2012 13:52 BJT

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The PBOC caught markets by surprise, cutting interest rates for the first time in less than a month. Effective on Friday, the one-year deposit rate will go down 25 basis points, and the one-year lending rate will be cut by 31 basis points. Full story >>

For more on the interest rate cuts, we have Ren Xianfang on the line, China analyst from IHS Global Insight.

Q1: The market wasn’t expecting an interest rate cut so soon. What can we infer from the timing?

Q2: How will that affect China’s economy?

 

Editor:Zhang Dan |Source: CNTV.CN

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