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China is expected to gradually..........>

CHINA PRESS
CHINA PRESS: China is expected to gradually replace the lending benchmark
interest rate with the Loan Prime Rate (LPR), China Securities Journal reported
on Monday citing analysts. The comments followed the PBOC's Q2 monetary policy
report which said that the LPR should play a leading role in the formation of
real interest rates. This requires the LPR mechanism to be further improved, and
hence the one-year LPR is likely to edge down in the near term after stabilizing
at 4.31% for more than 16 months, the newspaper said. 

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