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PBOC Should Further Enhance LPR Reference: Daily

CHINA PRESS
MNI (Sydney)

The People's Bank of China should further reform LPR policies to increase the reference value and boost the marketisation of deposit rates, Wang Jingwen, a researcher with China Minsheng Bank and an influential commentator, wrote in the Economic Information Daily on Monday. The central bank may enhance LPR curves by adding quotations for the periods between the current 1-year and 5-year, Wang wrote. The PBOC can emphasize MLF's place as a future interest rate transmission tool by broadening its coverage to more small and medium sized banks and reducing credit stratification, Wang wrote.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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