China to press market-based interest rates reforms: central bank

S Korea takes steps to stabilise local stock markets

BEIJING : China will push forward market-based interest rates reforms while stepping up supervision over deposit rates, according to an article by the central bank’s monetary policy department on Tuesday.

The monetary policy adjustment targets, including for economic growth, prices, employment and balance of international payments, are all operating within reasonable ranges, showing that China’s interest rates are within reasonable ranges, the article said.

Leave a Reply

Your email address will not be published.