Exclusive: China guides banks to further cut deposit rates - sources
Published on: Sunday 23 April 2023
April 24 (Reuters) - China nudged banks this month to cut deposit interest rates further, seven people with knowledge of the matter said, in the latest effort to channel the country's vast savings pool into spending and more productive investments. Members of China's "interest rate self-regulatory mechanism," mostly banks, met this month and were urged to reduce deposit rates, according to two
