China Removes Floor on Lending Rates

July 19, 2013 7:02 AM EDT
(Updated - July 19, 2013 7:32 AM EDT)

China removes floor on lending rates, according to Bloomberg headlines.

China to keep deposit rates floating rate unchanged, said the People's Bank of China (PBOC). The country will further promote reform on deposit rate.

Also, China's vice premier, Wang Yang, says the nation's trade situation is "grim," according to news source Xinhua.


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