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China announced on Monday that the benchmark interest rate will be cut by 27 basis points along with the reserve requirement ratio which will be dropped by half percent.

Interest rates cut again to spur growth

The central bank has rolled out the fifth interest rate cut in four months - in its latest attempt to shore up investment and boost the economy.

China slashes interest rates to boost growth
Zhang Xiaojing: Such a steep rate cut indicates policymakers have reached a common consensus that the Chinese economy is facing tough times.
Ma Ming: Certainly today's cuts will not be the last for the year.
Zhuang Jian: After the adjustment in both interest rates and banks' reserve requirement ratio, investor and consumer confidence will improve and help stabilize the overall economy.
Li Jianwei: The scale of the rate cut is in line with current economic situation.
Dong Xian'an: The cuts may lead to reduced interest payments for homebuyers of up to 300 billion yuan.
Comments on China's huge interest rate cut Wednesday

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Interest rates cut again to spur growth