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A reminder that the PBoC will issue the.......>

CHINA
CHINA: A reminder that the PBoC will issue the latest round of monthly LPR
fixings at 01:30 GMT. BBG medians look for a 10bp cut in the 1-Year LPR fixing
and a 5bp cut in the 5-Year LPR fixing, to 4.05% and 4.75% respectively.
- This comes in the wake of recent 10bp cuts to both the rate applied to the
PBoC's MLF ops and 14-Day Reverse Repo ops.
- Our most recent Insight piece noted that "Chinese authorities are likely to
announce a reduction in a key benchmark rate for lending to companies on
Thursday, and could continue to cautiously guide down key interest rates in the
coming months to help the economy cope with coronavirus, policy advisors and
former PBOC official told MNI, stressing that officials remain wary of allowing
excessive leverage to develop."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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