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PBOC to keep lending rate floor for mortgages unchanged

PBOC to keep lending rate floor for mortgages unchanged

Central Banks
Ryan Littlestone
19/07/2013 | 11:29 GMT
  • Promote further reform on deposit rate but will keep floating rate unchanged
  • Liberalisation of deposit rates to be carried out in stages and need mature market conditions
  • Relaxing deposit rate controls is most important and risky business
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