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PBOC Could Further Cut Benchmark Lending: Journal

CHINA PRESS
MNI (Singapore)

The People’s Bank of China may further lower the benchmark Loan Prime Rate in March if credit expansion falls short of expectations, the China Securities Journal reported citing Wang Yifeng, chief analyst of Everbright Securities. Though LPR was kept unchanged on Monday after two straight cuts in January and December, the window for easing is still open, the newspaper said. The PBOC may cut the reserve requirement ratios slightly before the expected first rate hike by the Federal Reserve around March 16, pushing the LPR further down, the Journal said citing Wang Yunjin, senior researcher of Zhixin Investment Research Institute.

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