Banking

China unlikely to raise interest rates in near term, Citic says

(Agencies)
Updated: 2010-05-24 14:57
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China is unlikely to raise interest rates in the "near term" as inflation slows with recent declines in food and commodity prices, according to Citic Securities Co analysts led by Yu Jun in a report.

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The brokerage forecast consumer prices to gain less than three percent in May, according to the May 23 report.