Authorities to impose rate cap on interbank time deposits
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Authorities are considering capping interest rates on interbank deposits to bring down bank funding costs. Citing industry insiders, Caixin reports that starting Q3, the rate for most interbank term deposits is likely to be capped at Shibor plus 10 bps.
Banks will still be able to offer rates above...