News Alert: China cuts benchmark lending rate for first time since 2008

	Thursday, June 7, 2012 7:29:10 AM ECONOMY/BUSINESS NEWS ALERT China cuts benchmark lending rate for first time since 2008 China has cut its benchmark lending rate for the first time in nearly four years as it tries to reverse a sharp economic slowdown. China's central bank said Thursday the interest rate on a one-year loan will be reduced by a quarter percentage point effective Friday. Read more at: http://www.washingtonpost.com/business/markets/china-cuts-benchmark-lending-rate-for-first-time-since-2008-to-reverse-economic-slowdown/2012/06/07/gJQAca4mKV_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy