{"id":30679,"date":"2012-07-05T18:51:00","date_gmt":"2012-07-05T22:51:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/07\/china-cuts-interest-rate-by-31-bps-to-6-0\/"},"modified":"2012-07-05T18:51:00","modified_gmt":"2012-07-05T22:51:00","slug":"china-cuts-interest-rate-by-31-bps-to-6-0","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/05\/china-cuts-interest-rate-by-31-bps-to-6-0\/","title":{"rendered":"China cuts interest rate by 31 bps to 6.0%"},"content":{"rendered":"<p>By Central Bank News<br \/>\n<span>&nbsp; &nbsp; China&#8217;s central bank cut its benchmark rate by 31 basis points to 6.0 percent, the second time in a month that the People&#8217;s Bank of China (PBoC) has reduced its interest rates.<\/span><br \/><span>&nbsp; &nbsp; PBoC said in a statement that it also cut the one-year deposit rate by 25 points to 3 percent and lowered the floor for lending rates to 70 percent of benchmark rates from 80 percent.<\/span><br \/><span>&nbsp; &nbsp; The previous cut in rates by China&#8217;s central bank came on June 7 when the benchmark rate was cut by 25 basis points to 6.31 percent.<\/span><br \/><span>&nbsp; &nbsp; www.CentralBankNews.info<\/span><br \/><span><br \/><\/span><br \/><span>&nbsp; &nbsp;&nbsp;<\/span><br \/><span><span><span><\/span><\/span><\/span><\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2880366131071821984?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; China&#8217;s central bank cut its benchmark rate by 31 basis points to 6.0 percent, the second time in a month that the People&#8217;s Bank of China (PBoC) has reduced its interest rates.&nbsp; &nbsp; PBoC said in a statement that it also cut the one-year deposit rate by 25 points &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/05\/china-cuts-interest-rate-by-31-bps-to-6-0\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;China cuts interest rate by 31 bps to 6.0%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30679","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30679"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30679\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}