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Wednesday, July 24, 2013
China Will Not Scrap Bank Deposit Rate Ceiling in Two Years
ANBOUND

Since the central bank removed the lending rate floor, the market has been wondering the day the bank deposit rate will be scraped. Recently, Wu Xiaoling, deputy director of the Finance and Economic Committee of the National People's Congress (NPC), said that the bank deposit rate ceiling will be the final step of interest rate liberalization measure. Precisely for this reason, it will not be scraped within two years.

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