IMF chief said the region remains a bright spot despite numerous shocks over the past few years
The People's Bank of China decided to cut the benchmark one-year deposit rate by 27 basis points to 3.60 percent, it said in a statement on its website.
The one-year lending rate was also reduced by 27 basis points to 6.66 percent, the bank said.
Stock markets soared in Asia and Europe on Wednesday ahead of an expected rate cut in the United States and as hopes rose of a similar move in Japan.
When China last cut interest rates early this month, speculation was ripe that the decision was made in coordination with other central banks, which also slashed rates at the same time.
This is the third time in just over six weeks that China has cut interest rates.
It first reduced its benchmark one-year lending rate to 7.20 percent in September, the first such cut since 2002 in a strong indication that it was concerned about the need to spur growth.
IMF chief said the region remains a bright spot despite numerous shocks over the past few years
The cyber-thriller is available for streaming on Netflix
'Music is a more honest place for me where I feel like I can say things that I wouldn't say,' admits the star
Last month, she was banned from being a charity trustee for five years
The authority also seized ready-to-use marijuana that was being stored with the intention of selling in the country
Make-up artist says Brooks raped her in a hotel room in Los Angeles in 2019
Educators in early childhood centres, schools, and higher education institutions may be eligible based on certain criteria
Besides wanting to 'settle scores' with racists targeting her community, Horvath raps in Romani to keep the language alive