We Have Market Interest Rates, Now Let's Increase Central Bank Control Over Them

I present the first and last paragraphs of an article on the abolition of the deposit rate ceiling.
On the 23rd, the central bank said, for commercial banks and rural cooperative financial institutions it will no longer set the deposit rate limit. Many market institutions interpret believes that the interest rate market-oriented reform has been basically completed.
Let the free markets reign!
"From this perspective, the interest rate reform will enter a new phase, the core is to establish a sound market interest rates appropriate to the formation and regulation mechanism, improve the effectiveness of the central bank to control the market interest rates." The central bank official says.

21st CBH: 央行“双降”稳增长狭义利率市场化基本完成

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