BLOOMBERG Bloomberg Bottom Line November 21, 2014
Deportations. We are also tracking chinas decision to cut Interest Rates since 2012] in. Good afternoon. They have tried to revive the economy through targeted monetary injunctions before. They cut the benchmark lending rate by 40 basis points, and the deposit rate by 25 basis points. Deposit rate ceiling was increased to 1. 2 times the benchmark deposit rate. The way you would interpret this as they are reducing the cost of credit, but not necessarily increasing the amount of credit available to the economy. The move is in response to the weakness in the Economic Growth. China is headed for i...