中国人民银行宣布降低基准利率
China's central bank has decided to lower the benchmark interest rate for one-year deposits by 25 basis points, and slash the one-year lending rate by 40 basis points.
中国人民银行决定将一年定期存款的基准利率降低25个基准点，一年期贷款利率削减40个基准点。
The move means commercial banks will need to put less deposits in the central bank and will have more money to lend.
The interest rate cut represents the central bank's most aggressive liquidity injection so far this year.
The last time the central bank cut down on the benchmark interest rate was in 2012.
The move comes as the Chinese economy tumbled to the slowest quarterly growth since the first quarter in 2009 this past quarter, expanding only 7.3 percent.