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The PBOC would hold back from cutting...>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC would hold back from cutting policy rates in the money
market since as it could lead to a rise in the corporate leverage ratio, the
China Securities Journal reports, citing Li Yiju of the Research Institute of
Bank of China. Wang Yifeng, the chief banking analyst with Everbright
Securities, also told the journal that the central bank would feel less of an
urgency to continue easing its monetary policy if data remains upbeat in June.
Wang said Wednesday's financing data unanimously indicated that the economy is
picking up.
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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