{"id":48613,"date":"2015-02-28T19:45:13","date_gmt":"2015-02-28T19:45:13","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/reuters_china_cuts_rates_again_in_face_of_weak_demand_deflation_risk\/"},"modified":"2015-02-28T19:45:13","modified_gmt":"2015-02-28T19:45:13","slug":"reuters_china_cuts_rates_again_in_face_of_weak_demand_deflation_risk","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=48613","title":{"rendered":"(Reuters) China cuts rates again in face of weak demand, deflation risk"},"content":{"rendered":"<p>China\u2019s central bank cut interest rates on Saturday, just days before the annual meeting of the country\u2019s parliament, in the latest effort to support the world\u2019s second-largest economy as its momentum slows and deflation risks rise.<\/p>\n<p>The central bank said the 25 basis point cut in the benchmark interest rate to 5.35 per cent &#8211; its second cut in just over three months &#8211; and a 25 basis point cut in the benchmark saving rate to 2.5 per cent would be effective from Sunday.<\/p>\n<p>\u201cThe focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends in economic growth, prices and employment,\u201d\u009d the People\u2019s Bank of China (PBOC) said in a statement on its website.<\/p>\n<p><a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/international-business\/asian-pacific-business\/china-cuts-rates-again-in-face-of-weak-demand-deflation-risk\/article23237496\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s central bank cut interest rates on Saturday, just days before the annual meeting of the country\u2019s parliament, in the latest effort to support the world\u2019s second-largest economy as its momentum slows and deflation risks rise. The central bank said<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=48613\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,201,502,582,589,595,592,149,144,119,151],"tags":[],"class_list":["post-48613","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-asia","category-china","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-foreign-relations","category-globalization","category-politics-in-general"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/48613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48613"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/48613\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}