Chinese Banks Cutting Deposit And Loan Rates

Carlos Casanova, Senior Economist, UBP

30-Aug-23 07:00

Chinese Banks Cutting Deposit And Loan Rates

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Without any warning the largest Chinese banks cut both mortgage and deposit rates. We ask Carlos Casanova, Senior Economist at UBP if this the stimulus needed to revive confidence and spending.

image Credit: Shutterstock

Produced by: Mike Gong

Presented by: Wong Shou Ning, Shazana Mokhtar, Mark Tan

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Categories: economy, markets

Tags: chinese banks, chinese economy, global markets, asean economies,

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