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PBOC May Keep Lending Rate Unchanged; 1H Easing Possible: Daily

CHINA PRESS
MNI (Singapore)

The People’s Bank of China is likely to pause the pace of easing by maintaining its loan prime rate, the Securities Daily reported citing analyst Wang Qing of Golden Credit Rating. LPR is updated on the 20th of each month. The central bank signaled its stable policy intention yesterday by leaving unchanged the rate of renewing both MLF and 7-day reverse repo, the newspaper said citing analyst. China may still conduct marginal easing given its controllable inflation, depending on how the economy and the property market perform, Wang was cited as saying.

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