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China may follow Fed lead in delivering rate cut

First cut in benchmark policy rate in four years by China's central bank cannot be ruled out if domestic and external economic conditions deteriorate further, say analysts

Published Mon, Jul 8, 2019 · 09:50 PM

Shanghai

CHINA'S central bank could cut its benchmark policy rate for the first time in four years if the US Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy.

But strong US job gains tempered expectations the Federal Reserve will deliver a large rate cut.

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