Catenaa, Friday, February 28, 2025-The People’s Bank of China (PBOC) have asked China’s banks to cut interest rates offered on U.S. dollar deposits to curtail dollar hoarding and prop up a weakening yuan, a report by Reuters said on Friday. Quoting two banking sources, the Reuters report said that over the past few weeks banks across China […]

Catenaa, Friday, June 20, 2025- China kept its benchmark lending rates unchanged Friday, after a rate cut in May as a trade deal with the US eased some growth concerns. The People’s Bank of China(PBOC) held the 1-year loan prime rate at 3.0% and the 5-year LPR at 3.5%. Last month, Chinese authorities cut the […]