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PBOC's Zhou turmoil with China's free rates

January 23, 2014

The People's Bank of China's governor Zhou Xiaochuan faces raised challenges in his plans to curb financial market volatility, where he plans to free up the interest rate in the world' second largest economy. Moreover, the nation's money-market rate still above the average for January, where the PBOC injected early this week more than $42 billion following the biggest jump since June last year. At the same time, with Zhou's plans to remove interest-rate control economic analysts estimates that it may make volatility tougher to prevent, adding that governor Zhou is facing raised challenges in achieving his plans amid the recent volatility.

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Source: Financial Markets

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