Beijing Pivots, Asking Banks to Keep Rates Low


Beijing Pivots, Asking Banks to Keep Rates Low
— Grace Zhu
The Wall Street Journal Europe
May 15 2015

BEIJING— China’s central bank, while publicly pushing ahead with plans to liberalize interest rates, has asked commercial banks to keep deposit rates below a newly set ceiling in an effort to restrain funding costs for borrowers as economic growth…read more…

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