China on Thursday cut interest rates for the second time in a month, a surprise move that analysts said might indicate that the world's second-biggest economy is slowing quicker than expected.
The changes, which take effect Friday, will see the benchmark one-year lending rate drop by 0.31 percentage points and the deposit rate fall by 0.25 percentage points, the central bank said in a statement on its website.
The cut will effectively adjust the one-year deposit rate to 3% and the one-year loan rate to 6%, the bank said....
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