May 21, 2024 02:33 GMT
Late 2024 LPR Cut Still Possible
CHINA PRESS
MNI (BEIJING)
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Banks may lower the LPR later this year due to China's low inflation, but slower monetary easing in developed economies could delay action, says Mingming, chief economist at CITIC Securities. Wen Bin, chief economist at Minsheng Bank, added banks faced declining net interest margins, making a short-term LPR cut unlikely. Banks’ decision to hold the LPR steady this month will help alleviate arbitrage behaviour and improve the efficiency of capital operation, Wen added. (Source: Securities Daily)
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