Major Chinese banks cut deposit rates, paving the way for mortgage rate cuts

Major Chinese banks cut deposit rates, paving the way for mortgage rate cuts

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Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights BEIJING, Sept 1 (Reuters) - Five of China's biggest banks on Friday cut interest rates on a range of deposits in a coordinated…

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