Date:23/12/2008 URL: http://www.thehindu.com/2008/12/23/stories/2008122356291500.htm

Business

China cuts rates for fifth time

BEIJING: China is cutting interest rates for the fifth time in four months to support its slowing economy. The central bank said on Monday that the one-year lending and deposit rate would be reduced by 0.27 percentage point to 2.25 per cent.