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It is unnecessary for the PBOC to.......>

CHINA PRESS
CHINA PRESS: It is unnecessary for the PBOC to follow interest rate cuts by
other central banks because its Q2 monetary policy report was focussed on the
domestic economy, according to a report in the Securities Daily. Citing
interviews with analysts, the report said that it is more likely the PBOC will
reduce the reserve requirement ratio than cut rates. 

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