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CHINA PRESS: The PBOC is unlikely to cut benchmark interest rates in the near
term, the Economic Information Daily said Wednesday citing several analysts,
noting that a marginal and targeted easing is a higher possibility than a
comprehensive easing. Even if the PBOC cuts rates, it will try to liberalize
them at the same time, the newspaper said citing Wen Bin, chief analyst at China
Minsheng Bank. The PBOC will lower short-term policy rates to guide the money
and bond market, and finally let commercial banks independently price the loan
interest rate, Wen added.