29.06.2015 - People's Bank of China lowered the interest rate on loans
The People's Bank of China on Saturday unexpectedly lowered the interest rate on loans by 0.25% to 4.85% per annum. It is worth noting that the decline was the fourth since November last year and the second this year. These steps were aimed at stabilizing the country's economic growth, which this year according to analysts may slow down to 6.8-7.0%. In addition, an incentive to increase the rates was a strong fall in the index last week. The steps of the central bank are aimed at stimulating growth and investment liberalization in the country. We expect increased volatility in the markets of the country in the near future and assume a further fall in the near future.