UPDATE 1-China should consider cutting benchmark deposit rates -cbank adviser

China’s central bank
should consider lowering its benchmark deposit rate to enable
banks to reduce lending rates and help small businesses weather
the economic fallout from the fast-spreading coronavirus, a
central bank advisor said.
Chinese policymakers, who have already taken some measures to
shore up the economy since the outbreak of the virus, are
expected to roll out more stimulus measures, including more
fiscal spending and interest rate cuts.