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PBOC Likely To Cut RRR In Q3

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will likely cut the reserve requirement ratio in Q3 to support credit expansion and encourage growth, said Feng Lin, senior analyst at Golden Credit Rating. If the PBOC implements the RRR cut, it may keep the medium-term lending facility rate unchanged while lowering the quotation of the Loan Prime Rate, especially for loans with maturities above five years, in order to drive down the rate of mortgages, said Feng. (Source: Securities Daily)

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