China unlikely to cut overall rates next year

FXStreet (Bali) - A headline out of Bloomberg earlier in Asia noted that China is unlikely to cut overall rates next year.

MNI is now elaborating further on that single headline, saying that "China’s policy-makers have already started meetings to discuss next year’s economic targets and the policy path, sources familiar with the matter said. The possibility of a system-wide interest rate cut is very, very small, they said."