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A cut in Chinese interest rates is......>

CHINA PRESS
CHINA PRESS: A cut in Chinese interest rates is dependent on the progress of
China-U.S. trade negotiations, Securities Times reported on Thursday. Citing a
number of experts, the newspaper said the PBOC may not rule out the possibility
of cutting benchmark deposit rates, because this would impact on banks' actual
lending rates faster than cutting policy rates. The PBOC wants to lower
financing costs for private and small companies and a cut in benchmark rates
could help drive this, given that the recent low level of market rates leaves
little room for more downward adjustment. 

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