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China's central bank cuts rates again to boost economy

BEIJING (AP) China's central bank cut interest rates for the second time in three months on Saturday, adding to signs that the country's leaders are worried the economic slowdown is deepening too sharply. The People's Bank of China announced a rate cut on one-year loans by commercial banks by 0. 25 percentage point to 5. 35 percent. The interest rate paid on a one-year deposit was lowered by 0. 25 point to 2. 50 percent. Rates were last cut on Nov. 22. The new rates take effect Sunday. Last 7...

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