CNBC reports that on Saturday the People’s Bank of China advised that it’ll improve the way it sets the LPR and, as from tomorrow will publish the rate monthly on the 20th. ‘’By reforming and improving the formation mechanism of LPR, we will be able to used market-based reform methods to help lower real lending rates. [It will] deepen market-based interest rate reform, improve the efficiency of interest rate transmission, and lower financing costs of the real economy’’.
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