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The People's Bank of China could........>

CHINA PRESS
CHINA PRESS: The People's Bank of China could accelerate the pace of interest
rate cuts in June beginning with a 10 to 20 bps cut to the medium-term lending
facility, the Economic Information Daily reported. Citing Wang Qing, chief
analyst at the credit-rating agency Dongfang Jincheng, the Daily's report also
said the Loan Prime Rate, which was kept unchanged this month, may be driven
down by up to 20 bps after any MLF rate cut. Any cut to the 5-year LPR, which
links to mortgage rates, would be less than 10 bps as the government aims to
crack down on housing speculation, Wang said. 

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