China banks reportedly set to trim rates on ¥300 trillion of deposits as soon as this week ...Middle East

It is reported that the rates on one-year time deposits may drop by at least 20 bps while those for longer tenors may come down by at least 25 bps. The Chinese banks will be guided by the PBOC's interest rate self-disciplinary mechanism to lower rates on a number of deposit products. This article was written by Justin Low at www.forexlive.com.

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