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RSSSource: Financial Times, 5th July 2012
China's economy has always been a knotty issue. Assessing what is going on in a real economy with more than 1bn people is not easy. On Thursday, the central bank cut interest rates for the second time in two months. The benchmark lending rate will be lowered by more than the deposit rate and banks have the option of offering loans at a bigger discount to that benchmark. This is about boosting lending and should in principle be good news for investors in commodities.
