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China's inflation rises to 2.4% in April

Xinhua | Updated: 2013-05-09 09:59

Besides, the central bank's sale of 10 billion yuan ($1.6 billion) of three-month bills on Thursday dampened the possibility of a rate cut, he noted.

Lu Zhengwei, chief economist at the China Industrial Bank, said instead of relying on reducing the interest rate or banks' reserve requirement ratio, the central bank will continue to adjust liquidity via open market operations.



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