Brookings Institution's Prasad Interview

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Feb. 8 (Bloomberg) -- Eswar Prasad, a senior fellow at the Brookings Institution and a professor at Cornell University, discusses China's decision to raise interest rates for the third time since October and outlook for the country's currency policy. The benchmark one-year lending rate will increase to 6.06 percent from 5.81 percent, the People’s Bank of China said on its website today. Prasad speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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