The People`s Bank of China also cut banks` reserve requirement ratio by 0.5 percentage points.
The moves take effect from Wednesday, the bank said.
The move has boosted European share prices further.
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China cuts interest rates
25 August 2015
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China has cut its main interest rate by 0.25 percentage points after two days of stock market turmoil.
It`s the fifth interest rate cut since November.
The People`s Bank of China also cut banks` reserve requirement ratio by 0.5 percentage points.
The moves take effect from Wednesday, the bank said.
The move has boosted European share prices further.
The People`s Bank of China also cut banks` reserve requirement ratio by 0.5 percentage points.
The moves take effect from Wednesday, the bank said.
The move has boosted European share prices further.
