UPDATE 3-China to base new lending benchmark on medium-term rates; shares rally on rate cut hopes
China’s announcement of
key interest rate reforms over the weekend has 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 has fuelled
expectations of an imminent reduction in corporate borrowing
costs in the struggling economy, boosting share prices on
Monday.
Posted by Reuters
