- China’s central bank plans to remove the ceiling on bank deposit rates
Market news
5 June 2015
China’s central bank plans to remove the ceiling on bank deposit rates
According to China Business News, China's central bank plans to remove the ceiling on bank deposit rates rather than raising the cap again.
"I believe removal of the ceiling on deposit rates is not far off," Sheng Songcheng, head of the People's Bank of China's (PBOC) statistics department, said.
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