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The People’s Bank of China has cut rates:
And have also eased MLF requirements:
The Loan Prime Rate (LPR) setting is due at 0115 GMT (2115 US Eastern time). The cuts we have already seen are suggestive of a cut to one or both LPRs. Its not locked in, but expectations have heightened.
Current LPR rates are:
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The PBOC’s Loan Prime Rate (LPR):
This article was written by Eamonn Sheridan at www.forexlive.com.
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