The central bank has cut bank reserve requirements three times since November 2011 and cut interest rates even more often.
This is the first time that the PBOC has cut bank reserve levels in three years, signaling a decisive shift in monetary policy.
This was the first time that the PBOC had cut bank reserve levels in three years, the first signal that monetary policy in China is changing.
The Bank of England's Monetary Policy Committee cut the Bank rate by half a percentage point to 4.5% in a surprise move last Wednesday.
Stephen Hester was hired as chief executive by the previous Labour government to cut the bank's colossal debts.
But it's not always easy or painless to cut those bank ties.
Thain took the job after CIT went bankrupt and has been working on a turnaround for both the bank and his own career which was cut short when Bank of America fired him as head of Merrill Lynch after the takeover.
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On Thursday, the European Central Bank cut its official deposit rate for overnight lending to the central bank by 50 basis points, to 1.0%, below its 2.5% benchmark rate, in an attempt to wean banks off the safety of its vaults and thus stimulate interbank lending.
The last time the US central bank cut interest rates, back in January, it was not long before the Bank of England's Monetary Policy Committee followed suit.
The bank cut commercial banks' statutory reserve requirement from 13.5% to 4% and reduced the bank's three-month intervention rate by 400 basis points to 7%.
The European Central Bank cut key interest rates to an all-time low of 0.50% on Thursday.
The central bank cut interest rates twice in 2013 to help boost economic expansion.
Although the central bank cut interest rates, it signaled it would be taking a break.
Asian Development Bank cut their growth forecast for China Wednesday to 7.7 percent from 8.5 percent previously.
The 2, 500 jobs will be cut across the bank's operations in the Republic, Northern Ireland and Britain.
The World Bank cut its growth forecast for China this year to 7.7% from its May outlook of 8.2%.
Having raised interest rates last year, the Central Bank cut them last week.
The bank cut its lending rate by a quarter percentage point on Jan. 29--the first reduction since April 2012.
India's central bank cut interest rates last month and a slowdown in inflation may see it ease its policies further.
The European Central Bank cut rates by a half-point to 3.25%, to give a boost to the ailing euro-area economies.
The World Bank cut its forecast for global economic growth: 1.4% expansion for developed countries and 5.4% expansion for developing countries.
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Last month, India's central bank cut its key interest rate to 7.75% from 8%, the first such move in nine months.
But last month the central bank cut its growth forecast for 2013, saying the country's economy might be entering a recession.
In March, the central bank cut its lending rate by a quarter percentage point, which was its second rate reduction in 2013.
India's central bank cut its benchmark interest rate for the first time in three years, by half a percentage point to 8%.
China's central bank cut interest rates by a quarter of a percentage point earlier this month, its first cut since December 2008.
Prices rebounded from a morning sell off following news the European Central Bank cut its economic growth forecast for the European Union.
Australia's central bank cut interest rates four times in 2012 in an attempt to boost investment and growth in non-mining sectors such as construction.
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Such actions could cut off the bank from certain investors like pension funds and ultimately cost it its charter to operate in the United States.
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