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China to lower real interest rate by unclogging market rate transmission, loan prime rate in focus

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As China’s economic weakness persists and several major economies have cut interest rates or signalled a rate cut later this year, many expects the People’s Bank of China to take steps to lower its interest rates.

Analysts say the central bank is unlikely to cut policy rate but will do it in a different way - pushing forward the market-oriented interest rate reform and acclerating a long-mulled revamp to simplify the complex array of interest rates.

“China . . .

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