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LPR Cut Could Happen March-April

CHINA PRESS

The PBOC could still lower the LPR over March and April based on recent central bank statements, the current policy environment, and actual demand, according to Wen Bin, chief economist at Minsheng Bank. The PBOC has indicated structural tools will play a greater role by mentioning the term "optimising the supply of funds" and "improving the efficiency of fund utilisation" on multiple occasions, Wen added. Oriental Jincheng, a securities firm, noted authorities are more likely to implement a policy response now that the PMI index has run below 50 for more than three months. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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