Jul 18, 2013 07:19 PM

Liberal Urge Gaining Support for Bank Policy


The orchestra is tuning up for an interest rate liberalization initiative that financial analysts are calling music to their ears.

Recent high-level comments and policy statements heard in Beijing have clearly sounded a central government call for regulators to slowly relax bank lending and deposit rate controls, and thus give financial institutions more room to charge customers according to market conditions.

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