Analysts say the central bank wants to create an interest rate “corridor” – a range of different rates that will guide pricing. Photo: AP

For China’s banks, pricing in risk hurts

People’s Bank of China is moving the banking industry towards a variation of reference rates but lenders are set for a rough ride as they approach the market

Topic |   Banking & Finance

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Analysts say the central bank wants to create an interest rate “corridor” – a range of different rates that will guide pricing. Photo: AP
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