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RICHYUYU
2021-06-21

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China deposit rate reform to have limited impact - industry body

BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite

China deposit rate reform to have limited impact - industry body

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IsaacYap90
·2021-06-21

The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative
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