Sources: China has restricted lenders' investment in policy bank bonds to further curb interbank lending – Reuters

Reuters cites sources with the knowledge of the matter, as saying that China has restricted lenders' investment in policy bank bonds to further curb interbank lending.

No further details are provided on the same.

Earlier today, it was reported that the People's Bank of China (PBOC) will start cutting rates from next month, but the borrowing costs are expected to come down only gradually.