The People's Bank of China's market.....>

CHINA PRESS: The People's Bank of China's market interest rates have not yet

fully evolved because the economy is facing downturn pressure, inflation is

still mild and funding costs are rising, Lian Ping, chief economist with the

Bank of Communications said Saturday at a financial summit in Hainan Province.

Economic growth in 2018 is expected to be around 6.7%, as better exports offset

lower investment growth, with consumption stable, Lian predicted. It will be

difficult for the PBOC to tighten monetary policy further given gloomy market

expectations and the pressure on financial institutions to adapt to new

regulations. Nevertheless, the PBOC is likely to raise the interest rates on its

liquidity instruments next year to offset the effects of expected Federal

Reserve's rate hikes next year, Li argued. (China Securities Journal)