Nomura Chief China Economist Predicts Possible Interest Rate Cuts in China
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Nomura’s Lu Ting suggests that China may implement interest rate cuts as early as this week. The People’s Bank of China is expected to decrease its medium-term lending facility (MLF) rate by 10 basis points on Thursday, as well as lower the lending prime rate (LPR) by 10 basis points later this month. [/s2If]
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