Saturday, February 18, 2012

China - Central Bank Reducing Bank Deposits

Special Topics of the Central Bank's Currency Policy:

The People's Central Bank of China decided to adjust bank deposits of its financial system. Starting on February 24, 2012, there is going to happen a reduction of the Renminbi [Yuan] deposit rate by 0.5 percent points.

The planned reduction of the deposit rate should benefit stock market investors.

存准率下调 不说明楼市调控放松
Decrease of deposit rate [should not necessarily be understood as] a regulation to get the slackening real estate market under control.

Editor's Note: 楼市 = 房地产行业
Source of News: People's Network, Beijing, on February 18, 2012.

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