Governor Yi Gang confirmed the People's Bank of China is considering scrapping its official benchmark lending rates. Photo: Xinhua

China mulls scrapping benchmark lending rates in line with market conditions in latest reform move

  • People’s Bank of China weigh further interest rate liberalisation in the midst of the trade war with the United States
  • PBOC governor Yi Gang also expresses confidence that the central bank can keep the yuan’s exchange rate relatively stable ‘at a reasonable and balanced level’
Topic |   China economy

TOP PICKS

Governor Yi Gang confirmed the People's Bank of China is considering scrapping its official benchmark lending rates. Photo: Xinhua
READ FULL ARTICLE