Date
23 July 2018

Certificates of deposit issuance under consideration, PBoC says

The People’s Bank of China (PBoC) may allow lenders to issue negotiable certificates of deposit on the interbank market when conditions are suitable, a spokesperson said in a statement on its website Wednesday. This follows a July 20 decision by the central bank to cancel the lending rate floor. The PBoC will continue to foster market-driven interest rates while prudently and orderly pushing forward deposit rate liberalization, it said.

– Contact HKEJ at [email protected]

JP/RA

 

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