UPDATE 2-China’s new lending benchmark to be based on medium-term rates; shares rally on rate cut hopes
China’s announcement of
key interest rate reforms over the weekend fuelled expectations
of an imminent reduction in corporate borrowing costs in the
struggling economy, boosting share prices on Monday.
key interest rate reforms over the weekend fuelled expectations
of an imminent reduction in corporate borrowing costs in the
struggling economy, boosting share prices on Monday.
Posted by Reuters
