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China Lowers CB Deposit Interest Rate

The epidemic, which was first seen in the city of Wuhan in China, has a negative impact on every sector of the world and its economic effects continue.

China Lowers CB Deposit Interest Rate
Yazar: Zack Smith

Yayınlanma: 25 Mart 2020 13:42

Güncellenme: 15 Kasım 2024 03:01

China Lowers CB Deposit Interest Rate

The epidemic, which was first seen in the city of Wuhan in China, has a negative impact on every sector of the world and its economic effects continue. "The Bank of China is discussing to cut deposit interest rates for the first time since 2015. According to FT, the rate cut will be announced within a few days. With this step, it is expected to support the profitability of banks that take various measures to support the economy, such as providing loans to companies in distress.
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