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(Reuters) - China's central bank cut benchmark interest rates by 25 basis points in a surprise move on Thursday to shore up slackening economic growth, its first rate cut since the depths of the 2008/09 financial crisis.
BEIJING (Reuters) - China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in a step along the path of liberalisation.
FRANKFURT (Reuters) - On December 8 last year, Mario Draghi sat down to chair his second policy meeting as European Central Bank president. Wearing the same understated, dark blue tie he had sported when he led the ECB to a surprise interest rate cut at his first meeting as president a month earlier, Europe's most powerful banker wanted to hear his colleagues' arguments on what action to take this time.
BEIJING (Reuters) - China's annual rate of consumer inflation slowed sharply to a 20-month low of 3.2 percent in February, comfortably within Beijing's 2012 target of 4 percent, giving policymakers room to further loosen monetary policy to support slowing growth.