China Makes Loans to Banks More Expensive

The People's Bank of China has increased interest rates on loans that it makes to commercial banks, reports The Standard.


The move is expected to raise lenders' borrowing costs, but analysts believe the raise will not add much pressure on the banking sector as lenders rarely borrow from the central bank.


The central bank raised the rediscount rate to 2.25% from 1.8%. It also lifted the one-year relending rate to 3.85% from 3.33%.







Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern