China cuts interest rates

The People's Bank of China today cut interest rates by 0.27% to 5.31%, marking the fifth time that the bank has cut rates in the past four months.

China's central bank also cut the deposit rate by 0.27% to 2.25%

Additionally, the bank cut the ratio that banks must set aside as deposits by 0.5% to 15.5% of their deposits.

Last Friday, the Bank of Japan cut its key lending rate by to 0.1%, from 0.3%, and downgraded its assessment of the economy.

On Tuesday, the Federal Reserve slashed interest rates last Tuesday to a range of 0% to 0.25%, a record low.

IndyMac Works With U.S. Regulators

Mortgage Rates Near a Year High

Euro central bank leaves rates unchanged

European banks make steep rate cuts

IndyMac Works With U.S. Regulators

Mortgage Rates Near a Year High

Euro central bank leaves rates unchanged

European banks make steep rate cuts

IndyMac Works With U.S. Regulators

Mortgage Rates Near a Year High

Euro central bank leaves rates unchanged

European banks make steep rate cuts

IndyMac Works With U.S. Regulators

Mortgage Rates Near a Year High

Euro central bank leaves rates unchanged

European banks make steep rate cuts

IndyMac Works With U.S. Regulators

Mortgage Rates Near a Year High

Euro central bank leaves rates unchanged

European banks make steep rate cuts