PBOC may announce deposit rate cut in coming days - FT

Dhwani Mehta FXStreet

The Financial Times (FT) carries a report on Wednesday, citing that the People’s Bank of China (PBOC) may announce a deposit rate cut in the coming days.

The report adds that the Chinese central bank is in talks with the banks to cut deposit rates to pay the savers.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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