Home PBOC may announce deposit rate cut in coming days – FT

PBOC may announce deposit rate cut in coming days – FT

Published date: 25 Mar. 2020 | 07:42

The Financial Times (FT) carries a report on Wednesday, citing that the People’s Bank of China (PBOC) may announce a deposit rate cut in the coming days.

The report adds that the Chinese central bank is in talks with the banks to cut deposit rates to pay the savers.

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