Following the meeting on loan prime rate with twenty four key monetary establishments he chaired, People's Bank of China (PBoC) Governor Lolo Gang told reporters that they urge banks to issue loans in regard to LPR as shortly as attainable. Below ar some extra key quotes as reported by Reuters.
"We can strengthen the support for the important economy and make sure the property of companies."
"We can firmly take away the implicit floor in loaning rates."
"We can more lower real loan interest rates."
These remarks had very little no impact on the market sentiment.
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