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Log In Remember Me Home Banking & Finance Chinese banks cut saving rates on foreign currencies to record lows amid global coronavirus fallout Chinese banks cut saving rates on foreign currencies to record lows amid global coronavirus fallout on: Share China’s major state banks are cutting rates on foreign currency deposits to record lows as global interest rates enter negative territory on the back of monetary easing to counter the economic impact from coronavirus pandemic, reported the South China Morning Post . Bank of Communications became the latest Chinese bank to cut saving rates on foreign currency deposits over the...
