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CHINA PRESS: China's one-year loan prime rate (LPR) is expected to be cut by 5
bps to 4.15% on Wednesday following the PBOC's two policy rate cuts earlier this
month, Shanghai Securities News reports. Citing Bian Quanshui, chief analyst at
Sinolink Securities, the report says the standing lending facility (SLF) rate
may also be lowered in the near term, following the cuts to medium-term lending
facility (MLF) and reverse repo rates. The PBOC is also likely to further cut
the MLF rate in the first half of 2020 to guide down the LPR, Bian said.
Designated banks would also update their LPR quotations on the 20th of each
month, serving as a reference rate for new bank loans.