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More Chinese banks cut rates
Earlier:Industrial and Commercial Bank of China cuts yuan deposit ratesChinese media speculate on a loan prime rate cut after banks reduced deposit ratesBank Of China have cut yuan deposit rates also. Construction Bank too.Others following along also. Earlier this week I posted on 'requests' from Chinese authorities to cut rates: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 t...
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Posted: Jun 8 2023, 00:36
Author Name: forexlive
Views: 111222