The People’s Bank of China has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions. Photo: Reuters The People’s Bank of China has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions. Photo: Reuters
The People’s Bank of China has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions. Photo: Reuters

China reforms bank deposit rate system to unleash liquidity for small businesses

  • The People’s Bank of China (PBOC) has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions
  • The central bank also left the one-year loan prime rate (LPR) at 3.85 per cent, while the five-year rate remained at 4.65 per cent

Topic |   China economy
The People’s Bank of China has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions. Photo: Reuters The People’s Bank of China has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions. Photo: Reuters
The People’s Bank of China has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions. Photo: Reuters
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