Ex-PBOC Adviser Says Interest Rate Increase Unlikely, Securities Reports
By Bloomberg News -
2010-08-22T22:37:48Z
Former Chinese central bank adviser Li Yang said the trend for a slowing of the nation’s economy has already formed so that increases in interest rates and reserve ratio requirements for banks are unlikely, the China Securities Journal reported today.
A lowering of the reserve ratio is likely, Li was cited as saying.
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