Peopleˇ¦s Bank of China decrease depository rate of US and HK dollars

Peopleˇ¦s Bank of China announced to decrease depository rate of US and HK dollars:Oe-year rate of US dollar: from.4375% to 3%Six-month rate of US dollar:from 3.375% to 2.9735% One-year rate of HK dollar: from 3.5% to 3.1875%Six-month rate of HK dollar:from 3.4375% to 3.125%This is the 4th time for Peopleˇ¦s Bank of China to downgrade US and HK dollar depositary rate.

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