PBOC to Explore Rate Corridor in Step Toward Liberalization

  • China central bank to continue with `prudent monetary policy'
  • China's PBOC also seeks `targeted reserve ratio cut' measures

China’s central bank said it will explore ways of creating a band to guide the country’s borrowing and lending costs as the world’s second-largest economy aims for market-oriented interest-rate benchmarks to help the economy recover from its slowest growth in decades.

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