SHANGHAI, April 11 (Reuters) - China's central bank said
some commercial lenders have lowered their deposit rates in
April and described this as normal market-driven behaviour
guided by self discipline.
The People's Bank of China (PBOC) said a majority of banks
had voluntarily lowered deposit rates in September, and the
recent moves were carried out by those which did not make the
adjustment last year, the central bank said in reply to a
Reuters request for comment.
(Reporting by Beijing Newsroom; editing by Jason Neely)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.