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PBOC’s Liu: Should consider CPI and other factors before adjusting benchmark deposit rate

FX Street
Published date:

Following a press conference on Friday, People’s Bank of China (PBOC) Vice Governor Liu Guoqiang said that the central bank should consider CPI and other factors before adjusting benchmark deposit rate.

Further comments

Need to consider further before changing deposit rate – need a complete evaluation before changing.

Deposit rate is a tool, need to be balanced in its use.

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