China Securities Journal say PBOC to cut interest rates further

Paraphrasing the remarks:

  • China has made it clear that it wants to stabilize growth
  • People’s Bank of China has already taken some measures in this direction
  • In the future, the People’s Bank of China’s policy interest rate, market benchmark interest rate and market interest rate will all decline further

No specifics of when were offered up, “In the future” will have to do.

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