The PBOC had previously, in 2023, asked only the country's big five state banks to cut dollar deposit rates, capping them at 2.8%. Those are the Industrial and Commercial Bank of China ...
SHANGHAI (Reuters) - China's banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop ...
Bank of East Asia (0023.HK), opens new tab ... The PBOC had previously, in 2023, asked only the country's big five state banks to cut dollar deposit rates, capping them at 2.8%.
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