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China May Still Reduce Lending Rates After RRR Cut: Herald

MNI (Beijing)

China may still cut interest rates as it needs increased loosening policies and more credit to support growth, the 21 Century Business Herald said citing analyst Li Zhan of China Merchant Fund. China may cut the loan prime rate (LPR) on this Wednesday, and should the pandemic continues to impact the economy, the rate on medium-lending facilities (MLF) could be further lowered in Q2, Li was cited as saying. On Friday, the central bank cut RRR by 25 bp. While the move wasn't enough to change the market’s overall direction, it helps boost investors’ confidence, the newspaper said.

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