According to Jinshi.com, Pan Gongsheng said that it is expected that this interest rate cut will lead to a 0.3 percentage point reduction in the MLF, and the LPR and deposit rates will also decline by 0.2-0.25 percentage points, which will remain neutral on the overall net interest margin of banks.
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Pan Gongsheng expects interest rate cuts to drive MLF and LPR down
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