Monday, May 11, 2015

CHINA CUTS RATES

China has cut interest rates again in a bid to boost slowing economic growth.

Its benchmark rate will fall to 5.1% as part of a package of economic stimulus measures including tax cuts.

The International Monetary Fund predicts a slowdown in economic growth in China over a period of some years - stabilising at an annual rate of about 6% by 2017.

Laith Khalaf of stockbroker Hargreaves Lansdown says authorities are trying hard to avoid a so-called 'hard landing' for the economy.

IN: "Last year's....
OUT: ...slowdown."
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