BEIJING: China plans to remove ceilings on bank lending rates to help curb investment and make interest rates more market-driven, state media said yesterday, quoting a senior central bank official.
Speculation has mounted in recent weeks that China may raise benchmark lending rates to clamp down on the lending that is fuelling a ferocious industrial expansion that has worried top policymakers.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!