PBOC denies reports of reintroducing interest rate controls

MNI with this:

  • The PBOC has denied a recent media report about China re-introducing interest rate controls
  • Says its a distortion of facts and misleading
  • PBOC says voluntary negotiations took place in May over deposit and lending rates among banks in Beijing
  • This was aimed at maintaining fair competition and preventing irrational pricing
  • People's Bank of China says China will continue with its market-oriented reform efforts while also encouraging financial institutions to set interest rates independently and rationally

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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