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Trading news
3 Apr 2020
PBOC’s Liu: Should consider CPI and other factors before adjusting benchmark deposit rate
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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