Central Bank: Guide financial institutions to transmit the decline in deposit interest rates to the loan side to reduce corporate financing and personal credit costs

According to China.com, on September 5, the State Council's Journalism Office held a routine briefing of the State Council.Liu Guoqiang, deputy governor of the People's Bank of China, said that in the next step, it is necessary to further play the role of the guiding role of the loan market quotation interest rate and the market -oriented adjustment mechanism of deposit interest rates, and guide financial institutions to transmit the decline in deposit interest rates to the loan side, reduce corporate financing and personal creditthe cost of.

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