A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the Covid-19 outbreak.
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Banks cut savings rates to ensure lower-interest loans amid Covid-19 epidemic
2020-03-09 16:30
A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the Covid-19 outbreak.