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.

Russian central bank cuts key rates
Europe, UK cut rates to boost economy
China has room to further cut interest rates
CPI dip 'not a sign' of deflation
Top banker: No deflation in China in 2009
Official: Room for interest rate cuts limited
Report: China to see more interest cuts in 2009
Experts: China likely to follow suit as Fed cuts rate
Further interest rate cuts likely
Experts: Further interest rate cut likely before year-end
Yuan's fall not part of policy
Interest rate cuts to squeeze bank margins
China's PMI falls below 40% in November
China expects economic growth of 10% in 2009 - expert
China outlines tasks for next year's economic work
China to curb excessive economic slowdown
Top planner: Pressure on economy increasing
Analysts split on impact of China interest rate cut
Clearer and stronger policy stance
Stocks open sharply higher after interest rate cut

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Interest rates cut again to spur growth