The PBoC’s CDs guidelines indicate the interest rate liberalization is close to completion
Published on Wednesday, June 3, 2015 | Updated on Sunday, May 13, 2018
The PBoC’s CDs guidelines indicate the interest rate liberalization is close to completion
Summary
Yesterday, the People’s Bank of China (PBoC) promulgated guidelines to allow banks to issue certificates of deposit (CDs) to individual investors and non-financial institutions, paving the way for full interest rate liberalization.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Le Xia
BBVA Research - Chief Economist
Jinyue Dong
BBVA Research - Principal Economist