Lee Sue Ann, Economist at UOB Group, suggests the PBoC could reduce the Loan Prime Rate at its next meeting on March 20.“With the need for further support measures toward the real economy and for 5Y loan prime rate to fall further to boost demand for homes, we see the possibility for the 1Y LPR to fall to 3.55% and 5Y LPR to 4.20% in Mar, following the National People’s Congress .”
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