Further rate cuts in China – Bank of China cuts yuan deposit rates

Banks in China are cutting rates, this from earlier:

• ICYMI – China’s Industrial Bank cuts yuan deposit rates

More from China overnight:

• ICYMI: China’s State Council announced an income tax reduction aimed at consumption boost
• China to cut home-buyers’ minimum down payment, and mortgage rates

This article was written by Eamonn Sheridan at www.forexlive.com. Source