News Formal

Breakingviews - China’s rate reform inches along the market path

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

On Breakingviews – China’s rate reform inches along the market path, says cbeddor

A customer counts Chinese Yuan notes at a market in Beijing, August 12, 2015. China shocked global markets on Tuesday by devaluing its currency after a run of poor economic data, a move it billed as a free-market reform but which some experts suspect could be the beginning of a longer-term slide in the exchange rate. REUTERS/Jason Lee

The People’s Bank of China has in recent months seemed frustrated: despite efforts to nudge down what institutions like Bank of Communications and China Merchants Bank pay for funds, average loan rates declined only modestly. Part of the problem seemed to be that lenders continued to use an old benchmark lending rate to price loans – a measure unchanged at 4.35% since 2015 – despite efforts several years ago to move away from it.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asia stocks gain as China rates tweak lifts investor moodAsian stocks tracked the Wall Street rally on Monday and found an extra tailwind...
Källa: Reuters - 🏆 2. / 97 Läs mer »