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Top 7 effects of rate cut on people's life

Updated: 2014-11-25 07:35 (chinadaily.com.cn)
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6. Yield for wealth management products to drop

Most wealth management products (WMPs) abide by floating rates, therefore the rate cut is expected to diminish the WMP returns.

Top 7 effects of rate cut on people's life

A pedestrian walks past an advertisement for wealth management products of 皇冠体育app Merchants Bank in Yichang city, central 皇冠体育apps Hubei province, June 19, 2014. [Photo/IC]

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