The big interest rate cut shows the central government's strong determination to rescue the market.

by liufeng51396 on 2008-11-29 16:20:34

The shocking "three rates dropping simultaneously" has finally occurred today. According to market rumors from last weekend, the PBOC's interest rate cut might be 0.81%, which would be the total of the previous three cuts, and even so, it indicates the central government's determination to revitalize the economy. Therefore, the current interest rate cut is unexpected.