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Industrial and Commercial Bank of China cuts yuan deposit rates

Industrial and Commercial Bank of China cuts yuan deposit rates
Industrial and Commercial Bank of China (ICBC) along with AgBank have cut yuan deposit rates. ICBC cuts 2 year yuan deposit rate to 2.05%cuts 5 year to 2.45%cuts 10 year to 2.5%Stimulus from China. I posted on 'requests' from Chinese authorities to cut rates yesterday:But there is some head-kicking going on:China calls on biggest banks to cut deposit rates to bolster the economyChina regulator reportedly asks major state-owned banks to lower dollar deposit ratesPressure on the People's Bank of C... Read More
Posted: Jun 8 2023, 00:00
Author Name: forexlive
Views: 111229

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