【财经看点】央行年内第二次降息0.25%

China Cuts Interest Rates for the 3rd time in 2015 Anchor: China's central bank is cutting interest rates by 25 basis points as of today. One-year deposit rates are being slashed to 2.25 percent. The one-year lending rate is being set at 5.1-percent. It is the third rate cut by the central bank since November. At the same time, the PBOC is also increasing the upper limit of the floating band for deposit rates to 1.5 times the benchmark. This is up from 1.3 times the benchmark rate. For more on the move, CRI's Paul James spoke with Mike Bastin, director of China Business Center based in London. Back Anchor: That was CRI's Paul James speaking with Mike Bastin, director of the China Business Center based in London.