China’s central bank cut the repo rate – Swedish Dagbladet

Although the deposit rate was lowered as much, to 2.5 percent. The reduction comes into force on May 11

The interest rate cut will , then a series of economic data pointed in the wrong direction with low inflation and declining exports as the worst culprits. The growth figure for the first quarter has fallen to 7 per cent, the lowest figure since 2009.

The preliminary figures for April looked even worse and observers had expected the central bank would act.

is primarily a weak real estate market and low growth areas such as manufacturing that affects the world’s second largest economy negatively.