Interest rate liberalisation is here (but you couldn't care less)

China’s central bank has announced a slew of monetary easing measures, including the scrapping of the deposit rate ceiling for commercial banks. Oddly enough, no one seems that bothered.

By Daniel Flatt

Oct 26, 2015

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On October 23, the People’s Bank of China (PBoC) announced a 25 basis points (bps) cut to its benchmark deposit and lending rates, while cutting the reserve requirement ratio (RRR) by at least 50bps.

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