The big five state-owned banks have capped their dollar deposit rates at 2.8 percent, down from 4.3 percent previously, effective from 1 July.
July 5, 2023Regulators are expected to further lower mortgage costs, boost re-lending through policy banks, and cut banks' reserve requirements.
June 15, 2023Lower deposit rates are expected to enable banks to provide more credit support to the economy.
June 8, 2023The guidance is aimed at directing savings into consumption and productive investments. PBOC official said deposit rate adjustments are a normal market phenomenon.
April 27, 2023The ACCC is calling for further submissions from industry and consumers on how the proposed acquisition may impact competition.
April 4, 2023The ACCC said banks have in most cases "fully passed" through interest rate hikes to their home loan rates, but less so to interest rates on deposit products.
February 16, 2023Banks will be required to publicly disclose their lending rates, deposit rates, and net interest spreads, to allow consumers to make quick comparisons.
July 11, 2022The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.
May 17, 2022The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.
April 27, 2020Bangladesh Bank has instructed banks to set a maximum 9 percent interest rate on all loan products except credit cards by 1 April.
February 26, 2020