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China May Further Cut Loan Benchmark in 1H: Journal

CHINA PRESS
MNI (Singapore)

China can potentially cut the Loan Prime Rate further in first half after a 5-bps reduction of the 1-Year benchmark on Monday, as it continues with policies promoting stable growth through looser credit, the China Securities Journal said citing analysts including Wang Qing of Golden Credit Rating. The PBOC may in Q1 first lower the rates of the medium-term lending tool MLF by 10 bps as well as rates of daily market operations, the Journal said citing analysts. That the 5-year LPR was kept unchanged yesterday indicated a continued prudent policy stance and controls over the real estate sector are likely to stay, the newspaper said.

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