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3 years ago
China c.bank head: cannot avoid short-term pain from interest rate reform
March 8, 2014 / 4:26 AM / 3 years ago

China c.bank head: cannot avoid short-term pain from interest rate reform

1 Min Read

BEIJING, March 8 (Reuters) - It will be hard for China to avoid short-term economic pain from interest rate reforms, central bank governor Zhou Xiaochuan was quoted by state television on Saturday as saying.

The central bank is widely expected to unveil a long-awaited deposit insurance system in the coming months, paving the way for liberalising bank deposit rates. (Reporting by Kevin Yao)

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