City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Central banks cut the interest rates to rescue the markets!
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=JIMMYB,329049]After Australia cut its interest rates by one percent, US, China and other central banks also declare to decrease the interest rates to rescue the markets. US, EU and other six central banks all cut the interest rates by 50 points. But it seems that interest cut hasn't taken effect as we expected. The stocks in New York market yesterday slumped seriously. Yesterday, China announced to cut the interest rates for the second time just in one month. The rate for oneone-year bank loans has been cut by 0.27 percentage. The reserve ratio was also cut by 0.5 percent. Meantime, a 5 per cent withholding tax levied on interest income has been suspended too. Though the financial crisis hasn't affected China very much, China has decided to take some prudent measures as precaution. I just wonder if the interest cut can help rescue the markets. What do you think?[/quote]
characters left
Name:
Get a new code