• 11/25/2024

China’s state banks told to lower cap on dollar deposit rates

Reuters

Reuters exclusively reported that in a rare attempt to bolster China’s yuan, a self-regulatory body overseen by the country’s central bank has told major state-owned banks to lower dollar deposit interest rates.

The post China’s state banks told to lower cap on dollar deposit rates appeared first on Reuters News Agency.

https://www.reutersagency.com/en/reutersbest/article/chinas-state-banks-told-to-lower-cap-on-dollar-deposit-rates/