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PBOC Done Cutting Benchmark Rates, According to Economist Survey

  • Benchmark rates projected to be held at record lows until 2017
  • One more RRR cut coming this year, economists say in survey
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Will Latest Efforts by ECB, PBOC Really Impact Growth?

China’s central bank will refrain from further benchmark interest-rate cuts and economic growth will hold steady in the fourth quarter, according to economists surveyed by Bloomberg News.

Growth in the final three months will be 6.9 percent from a year earlier, according to the median of analysts estimates in an Oct. 19-27 survey. That’s more optimistic than the 6.8 percent projected for the quarter in an earlier poll.