Wednesday , 6 November 2024
Home Forex Some major Chinese banks are to lower deposit rates from Friday – report
Forex

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.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

MUFG says GBP is less vulnerable to Trump tariffs than others

Analysts at MUFG say sterling is less vulnerable to tariffs than the...

Brasil’s central bank has hiked its benchmark rate by 50bp to 11.25%, as expected

Banco Central do Brasil Monetary Policy Committee (Copom) decision:Decision was unanimous.Pace of...

US Vice President Kamala Harris speaking now – live link

Harris giving her concession speech after the election. If you are interested:...

Japan looks to tighten cryptocurrency exchanges (websites) asset rules

Japan's financial watchdog looks to put legal curbs in place to prevent...