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China deposit rates to be liberalised in 1-2 years

This is the first time the PBC has given an explicit timeline

Published Tue, Mar 11, 2014 · 10:00 PM
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CHINA'S interest rates will be liberalised within one to two years, the head of the Chinese central bank said yesterday, on the sidelines of the National People's Congress currently being held in Beijing.

"Deposit rate liberalisation is on our agenda. Personally I think it's very likely to be realised within one to two years," said Zhou Xiaochuan, the head of the People's Bank of China.

He add…

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