0606 GMT - The People's Bank of China is unlikely to cut policy rates for the rest of the year, according to BofA economists in a research note. The PBOC has shown little indication of imminent broad-based easing following July's weak credit data, they say. Instead, it showed a strong focus on structural credit support aimed toward small-and medium-sized enterprises, technology, and consumption in its recent report, the economists point out. Future policy moves will depend on incoming data, they say. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

August 19, 2025 02:06 ET (06:06 GMT)

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