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China Moves Toward Rate Cut Just as World Starts to Tighten

  • PBOC may reduce MLF cost as soon as next week, Scotiabank says
  • Authorities have vowed to ensure economic stability this year
Pedestrians in the Lujiazui Financial District at sunrise in Shanghai, China.

Pedestrians in the Lujiazui Financial District at sunrise in Shanghai, China.

Photographer: Qilai Shen/Bloomberg
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Expectations of an interest-rate cut in China are increasing after authorities pledged to ensure economic stability this year.