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May LPR Seen Slightly Lowered On Friday: Herald

CHINA PRESS
MNI (Singapore)

Benchmark Loan Prime Rates are expected to be slightly lowered on Friday, the 21st Century Business Herald reported citing Wang Yifeng, chief analyst at Everbright Securities. Though the central bank on Monday failed to cut the medium-term lending facility rate, which is an anchor to LPR, banks may add less points to form the LPR quotation this month as they enjoy lower deposit costs after the deposit interest rate reform, and a reserve requirement ratio cut in April, the newspaper said. A cut to the MLF rate is restrained by rising prices and it could pressure the yuan and capital outflows, the newspaper added.

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Benchmark Loan Prime Rates are expected to be slightly lowered on Friday, the 21st Century Business Herald reported citing Wang Yifeng, chief analyst at Everbright Securities. Though the central bank on Monday failed to cut the medium-term lending facility rate, which is an anchor to LPR, banks may add less points to form the LPR quotation this month as they enjoy lower deposit costs after the deposit interest rate reform, and a reserve requirement ratio cut in April, the newspaper said. A cut to the MLF rate is restrained by rising prices and it could pressure the yuan and capital outflows, the newspaper added.