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Your email address will not be published.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

Dow Jones Industrial Average soars 1,400 points in post-election splurge

The Dow Jones Industrial Average (DJIA) surged to a fresh record on...

US Dollar soars as Trumps gets elected as the US 47th President

The US Dollar Index (DXY), which measures the value of the USD...

Mexican Peso recovers after plummeting to two-year low post US election

The Mexican Peso recovers some ground against the Greenback after hitting a...

Forex Today: Will the Fed add to the euphoria

The Greenback was set for its biggest one-day gain since 2020, boosted...