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BEIJING (Reuters) – China's central bank on Wednesday denied rumors that it had made a decision to cut deposit and lending rates as of Aug. had asked the police to investigate.
The statement was made by the People's Bank of China on its official social media account, without giving further details.
Reuters could not independently verify the source of the rumors.
BEIJING (Reuters) – China left its currency on Monday to rise 7 yuan against the dollar on Monday for the first time in more than a decade. A sign that Beijing may be ready to accept a further depreciation of the local currency could fuel a trade dispute with the United States.
Earlier Wednesday, three regional central banks – India, New Zealand and Thailand – cut their interest rates to boost growth.
(Reuters)
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