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Urgent rates decision likely to face next head of China's central bank

PBOC expected to make small adjustments to rates for short, medium-term OMO loans

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Mr Liu, a US-trained economist, is also expected to become a vice-premier in charge of economic and financial issues. If he gets that and the central bank job he will become one of modern China's most powerful economic officials ever.

Shanghai

CHINA'S central bank will probably have to respond to an expected US interest rate rise at a particularly sensitive time later this month.

Zhou Xiaochuan, the long-serving People's Bank of China (PBOC) governor, is widely expected to be replaced during the annual meeting

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