FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration
October 8, 2021
BEIJING (Reuters) – China will deepen its loan prime rate (LPR) reforms and gradually make deposit rates market driven, vice central bank governor Liu Guoqiang said in remarks published on Friday.
China will improve market-based interest rate formation and transmission mechanism and improve its interest rate corridor mechanism, Liu wrote in China Finance, a publication under the People’s Bank of China.
(Reporting by Kevin Yao and Beijing Newsroom; Editing by Christopher Cushing)
