Delay in interest rate hikes expected: Bank of China.

By bne IntelliNews June 8, 2010
Bank of China expects the Chinese central bank to raise banks? required reserve rate instead of hiking the policy rates. As reported by Reuters News, the People's Bank of China is expected to increase benchmark interest rates a couple of times in the second half of this year, by 27 or 54 basis points (bps). The central might also ask commercial banks to set aside more cash as reserves instead of using it for new loans.

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