China almost completes rate liberalisation
Jun 3, 2015
Interest rate liberalisation is here (but you couldn't care less)
China’s central bank has announced a slew of monetary easing measures, including the scrapping of the deposit rate ceiling for commercial banks. Oddly enough, no one seems that bothered.
On October 23, the People’s Bank of China (PBoC) announced a 25 basis points (bps) cut to its benchmark deposit and lending rates, while cutting the reserve requirement ratio (RRR) by at least 50bps.
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