Reuters: US Dollar Report: China eases grips on bank deposit, lending rates

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

China eases grips on bank deposit, lending rates Jun 7th 2012, 11:30 BEIJING, June 7 | Thu Jun 7, 2012 7:30am EDT BEIJING, June 7 (Reuters) - China's central bank on Thursday said it will allow commercial banks to set deposit rates as high as 110 percent of the benchmark rate and set rates on loans as low as 80 percent of the benchmark rate. The move, which accompanied a central bank cut of both benchmark lending and deposit rates, marks the latest step to ease control on interest rates and stimulate bank lending. The step takes effect on Friday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions