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China seen cutting key lending benchmarks as economy slows
China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world's second-largest economy.FULL NOTETwenty-one, or nearly 66%, of all respondents expected the one-year LPR - on which most new and outstanding loans are based - to be cut by 10 basis points to 3.55% from 3.65%. Others projected the cut to range from five to 15 bps. This article was written...
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Posted: Jun 19 2023, 07:25
Author Name: forexlive
Views: 112258