China to poise interest rates marketization

Note: This section contains information in English only.
Source: China.org.cn
The PBOC announced the country is preparing to marketize the interest rates. The reform of the financial system is conducted while taking all the specifics of the local and global economic situation, the bank added. However, currently the marketization should not take place in the fair market as it may impact the benefits of the bank's clients. Meanwhile, one-year lending rate remains at 6.56% and one-year deposit rate stands at 3.5%.


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