摘要
In recent years, interest rate liberalization has been widely discussed amidst China＇s fi- nancial reforms. The People＇s Bank of China （PBC） expanded the floating range of deposit and loan interest rates in 2012, and eliminated the floor on lending rates on July 20, 2013, a clear indication of the government＇s intention to liberalize interest rates in future financial reforms.
Interest rates must be fully liberalized to meet the demands of the market In recent years, interest rate liberalization has been widely discussed amidst China’s financial reforms. The People’s Bank of China (PBC) expanded the floating range of deposit and loan interest rates in 2012, and eliminated the floor on lending rates on July 20, 2013, a clear indication of the government’s
