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The US Federal Reserve’s half-point cut to interest rates has created more room for further monetary easing by Chinese central bank to boost an economy hit by the coronavirus outbreak. But analysts say China may not follow US footsteps at the moment.
The “window has opened” for the People’s Bank of China (PBOC) to join the US and several other central banks in cutting interest rates, said an editorial in the China Securities Journal, a state-run newspaper, on Wednesday,
It is a relatively good choice for China to adjust policy rates . . .
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