This form of capital control isn't new in Chinese banking circles but it's worth noting how Beijing is feeling about the current situation at least. A silver lining in all this is that Trump's tariffs on China have been less harsh than feared, allowing for the yuan to consolidate a fair bit since the end of January.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about china banks reportedly called upon by pboc to cut rates on dollar deposits was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( China banks reportedly called upon by PBOC to cut rates on dollar deposits )
Also on site :
- The Supreme Court Cast Its Lot With Trumpism. It Should Be Very Worried.
- UN renews Sudan ceasefire appeal over ‘unimaginable suffering’ of civilians
- Israeli forces continue ceasefire violations with attacks across Gaza