Skip to main content

PBoC asks banks to lower maximum deposit rates

Recent data suggest consumption demand remains weak despite lifting of Covid-19 restrictions

PBoC
The People's Bank of China

Chinese regulators have asked banks and other lenders to cut the ceilings on some deposit rates, according to media reports.

The move comes as recent data suggest China’s economic recovery may be losing momentum, with deflationary pressures mounting and borrowing shrinking.

Reuters sources said the “interest rate self-disciplinary mechanism” issued instructions to the four largest state-owned lenders. The self-disciplinary mechanism, which comprises big and small banks, is a regulatory body

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.