My Comment on an article "China cuts interest rates by 0.25 percentage points" published in the economictimes.com Dated 26/08/2015 at 10.15 pm.
"It is a very smart and intelligent decision.
On one hand, the RRR has been reduced by 0.25 percent and at the other end, they are reducing the lending rates also so that as much of funds can flow into the markets.
This should aid in controlling the dwindling economy of China to some extent. And exports on the other hand, if boosted, should bring in the foreign exchange which also is an important element for the stability of any economy."
"It is a very smart and intelligent decision.
On one hand, the RRR has been reduced by 0.25 percent and at the other end, they are reducing the lending rates also so that as much of funds can flow into the markets.
This should aid in controlling the dwindling economy of China to some extent. And exports on the other hand, if boosted, should bring in the foreign exchange which also is an important element for the stability of any economy."
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