(Bloomberg) -- Chinese government bonds, Asia's
worst performing, will rally as the central bank may refrain
from raising interest rates again this year, said Dong Dezhi, an
analyst at Bank of China, the nation's second-largest lender.
The People's Bank of China, which lifted its benchmark one-
year lending rate to 6.84 percent on July 20, probably won't
need another increase because inflation will slow in the second
half, Dong said in an interview from Shanghai. Banks have
started to rein in lending and will invest deposits in the bond
market, he said.
Read more at Bloomberg Emerging Markets News
worst performing, will rally as the central bank may refrain
from raising interest rates again this year, said Dong Dezhi, an
analyst at Bank of China, the nation's second-largest lender.
The People's Bank of China, which lifted its benchmark one-
year lending rate to 6.84 percent on July 20, probably won't
need another increase because inflation will slow in the second
half, Dong said in an interview from Shanghai. Banks have
started to rein in lending and will invest deposits in the bond
market, he said.
Read more at Bloomberg Emerging Markets News
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