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No More Rate Cut after PBOC Lowers Rural Finance Cost: Journal

CHINA PRESS
MNI (Singapore)

The PBOC made a 25-bps cut to relending to support SMEs and the rural sector, another loosening after a 50bps RRR cut on Monday, so another policy rate cut may be less likely in the short term, the China Securities Journal reported citing analysts. The RRR cut is expected to drive down the Loan Prime Rate without affecting the medium-term lending facility rate, which will help conserve policy room, the newspaper said citing Wang Qing, an analyst with Golden Credit Rating. MNI noted that LPR will be released on Dec. 20.

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