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May China LPR Likely To Fall By 5 Bps: Daily

CHINA PRESS
MNI (Singapore)

The benchmark Loan Prime Rate is expected to fall by five basis points in May, as banks’ borrowing costs were guided down after the deposit interest rate reform, the Securities Daily reported citing analysts. Recently, large banks are encouraged to lower their high-level provision ratios, which also helps to drive down their debt costs, the newspaper said citing analysts. The 25 bps cut to banks’ reserve requirement ratios in April also helped, the newspaper added. The LPR quotation is set to be released on May 20.

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The benchmark Loan Prime Rate is expected to fall by five basis points in May, as banks’ borrowing costs were guided down after the deposit interest rate reform, the Securities Daily reported citing analysts. Recently, large banks are encouraged to lower their high-level provision ratios, which also helps to drive down their debt costs, the newspaper said citing analysts. The 25 bps cut to banks’ reserve requirement ratios in April also helped, the newspaper added. The LPR quotation is set to be released on May 20.