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China cuts interest rates again
 
  Hedgeweb - WED, OCT 29 2008
News China cut interest rates on Wednesday for the third time in six weeks.

The People's Bank of China (PBOC) said the benchmark rate for one-year loans by commercial banks will fall by 0.27 percentage points to 6.66 per cent, while the one-year rate on certificates of deposit will drop to 3.60 per cent from 3.87 per cent.
 
 
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