China Financial News Headlines

Bank of Korea: Cut down 75 basis points Interest to prevent sharp economic decline
Bank of Korea on Oct.27 issued the placard that central bank reduced 75 basis points is to avoid the recent financial market turmoil in South Korea. The central bank also said that the bank will take all necessary actions to prevent serious slowdown economy; moreover, they would also guard the inflation risks. Central bank also pointed out that the interest rates reduction also could slow down the rising speed of market lending rate.

American Federal Reserve probably will cut interest rates this week in response to the growing financial crisis
According to the market predication on October 26, American Federal Reserve is likely to reduce the interest rates this week so as to cope with the growing financial crisis and recession risk.
Many economists and market participants expect the Federal Reserve will cut interest rates by 50 basis points, whereas other analysts also have predicted the Federal Reserve may cut interest rates by 25 basis points.

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