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China Interest Rates Are Cut To Halt Weakening Economy; How Bad Are Things?

May 11, 2015 07:12 AM EDT

China’s interest rates were cut for the third time in six months in hopes of lowering companies' borrowing costs and increasing the country’s weakening economy, which is reportedly headed for its worst year in a quarter of a century. The announcement was made by The People's Bank of China, the nation’s central bank, on Sunday.

China to Wait For Q4 Data Before Cutting Rates Again

Michael A. Katz |

Nov 25, 2014 10:13 AM EST

The People's Bank of China, which unexpectedly cut rates last week, says it will wait until economic data for the fourth quarter is released before deciding on whether to cut rates further.