Urgent: Possibility of liberalizing interest rate in China high this year
Xinhua, March 12, 2015 Adjust font size:
Chinese central bank governor Zhou Xiaochuan said Thursday that the possibility for China to fully liberalize the interest rates mechanism is "very high" this year.
In another step towards liberalizing the interest rates mechanism, China's central bank last month decided to adjust the upper limit of the floating band of deposit rates to 1.3 times the benchmark from the previous 1.2 times. Endi