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- China Shows Signs Of Economic Recovery - Editor, 9 March 2009
An official from the central bank of China revealed today that the country still has room to implement further interest rate cuts should this become necessary in dealing with the global financial crisis. This room to move has been somewhat restricted by the five reductions that have already been made in the benchmark deposit and loan interest rates since September 2008, but it nevertheless still exists, according to the Vice Governor of the People’s Bank of China, Su Ning. He further confirmed that there is still space for monetary policy adjustments, including cutting the reserve requirement ratio that is currently in place.
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