depo rate down from 2.5% to 2.25%
lending rate to 5.1% from 5.35%
effective 11 May
will increase multiple for deposit rates to 1.5 vs 1.3 currently
PBOC says the move would support the healthy development of the economy
News just out on Reuters from the Peoples Bank of China
Well I guess they're not hanging around after all following the CPI data. Eamonn had the "analysts call for more stimulus NSS" story here
China last cut rates on Feb 28 by 0.25% again and it's the third reduction since November
