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The People's Bank of China (PBOC) may.........>

CHINA
CHINA: The People's Bank of China (PBOC) may further raise policy rates
following rate hikes by the U.S. Federal Reserve in order to stabilize its
currency and support financial deleveraging, A senior state researcher said in
interview with MNI. "The yuan exchange rate is the main reason that the PBOC had
been following the Fed's rate increases in the past year," said Peng Xingyun,
director of Monetary Theory and Policy Department at Chinese Academy of Social
Sciences (CASS), who is also the chief economist of First Capital Securities.
- For full story see MNI Main Wire at 03:48 BST 06/06 or for full access email
sales@marketnews.com.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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