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China still has room to lower its.......>

CHINA PRESS
CHINA PRESS: China still has room to lower its medium-term lending facility
(MLF) and open market operation rates by about 40 bps this year, the National
Business Daily reported. Citing Wang Qing, chief analyst with Golden Credit
Ratings, the Daily's report says that even though the PBOC kept the Loan Prime
Rate (LPR) unchanged yesterday, the LPR was expected to fall in the second half
of the year following possible MLF rate cuts. These cuts would occur as banks
aim to fulfil the target of sacrificing CNY1.5 trillion in profit to support
corporates this year, the newspaper said. 

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