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Chinese banks heed PBOC call to cut dollar deposit rates, say sources

Summary by Reuters
China's banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a weakening yuan, sources said.

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Investing.comInvesting.com

Chinese banks heed PBOC call to cut dollar deposit rates, say sources

Exclusive-Chinese banks heed PBOC call to cut dollar deposit rates, say sources

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ReutersReuters

Exclusive: Chinese banks heed PBOC call to cut dollar deposit rates, say sources

China's banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a weakening yuan, sources said.

·United Kingdom
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U.S. NewsU.S. News

Chinese Banks Heed PBOC Call to Cut Dollar Deposit Rates, Say Sources

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·New York, United States
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Bias Distribution

  • 67% of the sources are Center
67% Center
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U.S. News broke the news in New York, United States on Friday, February 28, 2025.
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