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[Xiaoyeshi]

China's central bank is unlikely to tighten policy further in the second half of this year , which could cap rises in market interest rates, a central bank adviser on Tuesday was quoted as saying by the China News Service.


Under its "prudent and neutral" stance, the People's Bank of China (PBC) shifted to slight tightening at the start of the year, guiding market interest rates higher during the first quarter. But it later pumped out substantial cash in response to a surge in short-term rates caused by a financial deleveraging drive.