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Banks Cut Interest Rates on Renminbi Deposits

In Hangzhou, China, on October 18, 2024, a photo shows Chinese yuan. On the same day, the Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, and six other state-owned banks issue an announcement to reduce the listed interest rate of RMB deposits starting from October 18. (Photo by Costfoto/NurPhoto)

Photo Details

Photo ID	#11676733
Date Taken	18 October 2024
Location	N/A
Photographer	Costfoto/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2025 NurPhoto - Costfoto/NurPhoto

Related Keywords

China CHN RMB interest rate bank deposit Hangzhou China October 18 2024 Chinese yuan Zhejiang province Bank of China Industrial and Commercial Bank of China Agricultural Bank of China China Construction Bank Bank of Communications Postal Savings Bank of China state-owned banks interest rate RMB deposits financial announcement Costfoto NurPhoto monetary policy banking sector currency economic decision financial institutions savings deposit rate financial regulation economic impact currency management banking reform financial strategy economic policy Chinese economy interest rate reduction.

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