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China initiates rate liberalisation over growth concerns
June 11, 2012
Economists believe the country will continue to cut interest rates and bank reserve ratios after loosening interest and deposit rates last week, as it seeks to forestall a slowdown in economic growth.
The People’s Bank of China (PBoC) is likely to follow a series of financial reforms on June 8 with further liberalisation and rate cuts this year as it works to forestall a marked economic slowdown, believe economists.
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