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China seen reducing interest rates again after first cut since 2012

PBOC will act to shore up demand as weakest growth since 1990 is likely: economists

Published Sun, Nov 23, 2014 · 09:50 PM
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Beijing

CHINA is poised to deliver deeper interest rate cuts after last week's unexpected decision to reduce borrowing costs for the first time since 2012.

With the world's second-largest economy on track to record its weakest annual growth since 1990, economists at JPMorgan Chase & Co, Barclays plc and UBS AG all said the People's Bank of China (PBOC) will act again to shore up demand.

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