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CHINA PRESS: Pressure on PBOC to increase benchmark interest rate is increasing
as global monetary policy normalises and China's inflation climbs, China
Securities Journal reported Tuesday, citing market insiders.
- Whether the benchmark interest rate will be adjusted still depends on
China's economic fundamentals;
- Changes in the interest rate will have limited impact, as they will likely
not be large - liquidity is not as tight as last year, and fluctuations in the
money market interest rate are expected to slow.