Bank of China Assesses Lowering Deposit Interest
According to FT news, China considers reducing the deposit interest rate for the first time since 2015
According to the news of the Financial Times, the Central Bank of China is discussing to reduce the deposit interest rate for the first time since 2015. According to the FT, the interest rate cut will be announced within a few days.
With this step, it is expected to support the profitability of banks that take various measures to support the economy, such as providing loans to companies in distress.