China interest rate

China’s central bank has cut its key lending rate in an effort to support the economy and calm days of stock market turmoil

ONE-YEAR BENCHMARK RATE
6.5
6.0
5.5
5.0
4.5
2010
11
12
13
14
15
Aug 25, 2015 Interest rate cut by 0.25 percent to 4.6 percent
Nov 2014 6.0 percent

Lending rate: Latest cut is fifthsince November 2014 – making iteven cheaper for banks to borrowfrom central bank 

Reserve requirement ratio (RRR) Also cut by 0.5 percent – lowersamount of reserves that Chinesebanks must hold, allowing them tocover funding gaps

Source: Bloomberg