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Market expectations for the PBOC to.....>

CHINA PRESS
MNI (London)
CHINA PRESS: Market expectations for the PBOC to cut interest rates have
increased following dovish comments from Fed chief Powell, 21st Century Business
Herald reported Friday. 
- The PBOC may not lower the deposit and loan benchmark interest rate, but
probably adjust the open market operations(OMOs) rate, the newspaper reported,
citing Shen Jianguang, chief economist at JD Finance. 
- The PBOC could trigger a rate cut early next year, or, if it takes the Spring
Festival and Two Sessions into consideration, perhaps its more rational to see a
cut by the end of Q1 or the beginning of Q2. (Link to the story:
https://bit.ly/2zwf7tK)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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