China asks banks to lower deposit rates to stimulate the economy!
The USDCNH pair and the CHNComp contract reacted higher as Chinese authorities announced an order to cut deposit interest rates to stimulate the economy. Yields on Chinese debt securities fell following the above announcement. State-owned banks including Bank of China Ltd, Industrial & Commercial Bank of China Ltd and Bank of Communications Co have been …
China asks banks to lower deposit rates to stimulate the economy! Read More »
