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China Loan Rate In Focus as Traders Watch for Easing Clues


China Loan Rate In Focus as Traders Watch for Easing Clues
Bloomberg News, Bloomberg News
BC-China-Loan-Rate-In-Focus-as-Traders-Watch-for-Easing-Clues
, Bloomberg News
(Bloomberg) China’s benchmark loan rate will be in the spotlight on Tuesday, with market participants divided over the need for more easing to support growth.
The loan prime rate could be lowered for the first time since early last year as a sign of further support for China’s slowing economy, according to four analysts including Ming Ming at the country’s biggest brokerage. Four others see no change in the rate at a monthly announcement on Tuesday.
While data on Thursday allayed fears of a sharp slowdown in China’s growth, speculation persists that the central bank may unleash another round of easing after it reduced the amount of cash banks need to hold in reserve. Any move by the authorities will be parsed by invest ....

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