Free Trial

The People's Bank of China(PBOC)........>

CHINA PRESS
CHINA PRESS: The People's Bank of China(PBOC) should use market measures to
guide bank deposit rates lower, according to a report in Financial News, an
outlet controlled by the central bank. Citing Xie Yunliang, the chief
macroeconomy analyst with Minsheng Securities, the report says bank liability
costs cannot be effectively lowered by policy interest rates alone. Financial
News also cited the PBOC's quarterly monetary policy report, which said that
deposit rates have already come down due to the lowered rates on banks' loan
assets, and also the converging spread between rates in the deposit market and
the money market.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.