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The market expects the central bank.....>

CHINA PRESS
CHINA PRESS: The market expects the central bank to further trim the new market
oriented Loan Prime Rate (LPR) by at least 50 bps in 2020, according to a
commentary published by China Securities Journal. The People's Bank of China
(PBOC) has cut the 5-year LPR by 10 bps, half the cut to the 1-year term LPR,
indicating that the central government has stuck to the view that "houses are
for living and not for speculation". The Journal characterised this as a hawkish
attitude toward the real estate market. 

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