China tweaks deposit rules; BI issues polices to support fuel subsidy cut; Australian RMB clearing bank designated

The People’s Bank of China cut the one year deposit lending rates and upper interest limits allowed to be offered on deposits above the benchmark rate; Bank Indonesia issued policies designed to support the government’s fuel subsidiary reform; PBOC designates Australian RMB clearing bank.
China tweaks deposit rules; BI issues polices to support fuel subsidy cut; Australian RMB clearing bank designated
By Emma Bi
Nov 26, 2014
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China cuts deposit rates and lifts deposit ceiling

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