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PBOC likely to cut reference lending rate, to boost counter-cyclical measures – deputy PBOC governor

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China is considering stepping up counter-cyclical adjustment to cushion the blow from the coronavirus outbreak that is expected cause a temporary disruption to the economy, said a senior central bank official on Friday.

There is a high chance that the interest rates in its next Medium-term Lending Facility (MLF) operations will be lowered, said Pan Gongsheng, deputy governor of the People’s Bank of China (PBOC).

The loan prime rate, a market-based . . .

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