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China May Leave Loan Prime Rate Unchanged: Herald

CHINA PRESS
MNI (Singapore)

China is likely to keep April's benchmark Loan Prime Rate unchanged on Wednesday as a 25 bp RRR cut announced last Friday won't be enough to drive down banks' own lending rates, the 21st Century Business Herald said. Banks would need at least two RRR cuts and other measures to improve their liabilities before deciding to lower their LPRs.

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