Ｃｈａｎｇｉｎｇ Ｃｏｕｒｓｅ

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The Peoples Bank of China announced on September 15 mat itwas cutting the benchmark oneyear loan interest rate，the nrst timein four years．It also said it would slash thereserve requirement ratio－the amount ofmoney lenders must keep with the centralbank－for the first time in nine years．