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China Flash : PBoC's removal of lending rate floor: little immediate impact, but good in the long run for interest rate liberalization

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Published on Sunday, July 21, 2013

China Flash : PBoC's removal of lending rate floor: little immediate impact, but good in the long run for interest rate liberalization

The People’s Bank of China (PBoC) late on Friday announced the removal of the lending rate floor, an important, but by no means final step, toward interest rate liberalization in China.