China State-Owned Banks Mull Further Deposit Rate Cuts, Bloomberg Reports
Provided by
Dow Jones
--China's biggest state-owned banks, including Industrial & Commercial Bank of China and China Construction Bank, are mulling lowering deposit rates for the third time in a year to boost the economy and protect margins, Bloomberg reports, citing people familiar with the matter.
--The banks may cut rates on local currency deposits by between five and 20 basis points, according to Bloomberg.
--Regulators have signed off on the plan and may announce it as soon as Friday, Bloomberg reports.
Full story: https://shorturl.at/egst8
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
August 29, 2023 05:45 ET (09:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
Is the Era of Volatility-Suppressing Policies Possibly Over?
-
5 Undervalued Stocks That Crushed Earnings for Q1 2024
-
What Does Nvidia’s Stock Split Mean for Investors?
-
After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Target Stock a Buy, Sell, or Fairly Valued?
-
Obesity Drug Stocks: Where to Invest Now
-
How to Invest Like Warren Buffett
-
DuPont Split Gives Investors Better Choices
-
2 Wide-Moat Stocks to Consider
-
Live Nation: Breakup Sought by Department of Justice Probably Wouldn’t Affect Fair Value Much
-
After Earnings, Is Applied Materials Stock a Buy, Sell, or Fairly Valued?
-
The Best Energy Stocks to Buy