China interest rate cuts face internal and external constraints ...Middle East

China interest rate cuts face internal and external constraints, state media says in a front-page article. Reuters citing Chinese state media outlet, Financial News (this outlet is backed by the People's Bank of China (PBOC)):China still has room to lower interest rates, but its ability to adjust monetary policy faces internal and external constraints"Objectively speaking, further interest rate cuts face 'double constraints' both internally and externally," the newspaper said. "Internally, commercial banks' net interest margins continue to narrow. Externally, the yuan exchange rate is also a factor that needs to be considered." Yep, a cut to interest rates would widen the gap with the

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China interest rate cuts face internal and external constraints ...Middle East

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