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BREAKING: STOCKS SOAR after China Cuts Benchmark Interest Rate! Bernanke Ready to Take Action!!!
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[quote:DoorBert:MV8xODkxNzYyXzMxNTk5NjEyX0NCMTQyODdF] [b]China Cuts Interest Rates, Stock Futures Jump[/b] China’s central bank, the People’s Bank of China, has announced an interest rate cut of 0.25% on both its lending and deposit rates. The new rates, which take effect tomorrow, will lower the one-year lending rate to 6.31% and the one-year deposit rate to 3.25%. US index futures rose sharply following China’s unexpected rate cuts. The DJIA futures index is up 0.54%, while the S&P 500 is up 0.75% and the Nasdaq is up 0.63%. Read more: China Cuts Interest Rates, Stock Futures Jump - 24/7 Wall St. http://247wallst.com/2012/06/07/china-cuts-interest-rates-stock-futures-jump/#ixzz1x6mvG9uW [/quote]
Original Message
China cuts interest rates as of June 8: cuts deposit rate by 0.25%, lending rate by 0.25%
[
link to twitter.com
]
BREAKING: CHINA CENTRAL BANK CUTS INTEREST RATE BY 25 BASIS POINTS.
[
link to twitter.com
]
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