Friday , 22 November 2024
Home Forex Some major Chinese banks are to lower deposit rates from Friday – report
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Some major Chinese banks are to lower deposit rates from Friday – report

The idea of lowering deposit rates is that it pushes savers into other instruments like stocks. I’d expect some to gravitate towards gold but these are marginal moves at best and certainly not the types of game-changers that China bulls would like to see.

This article was written by Adam Button at www.forexlive.com.

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