Free Trial

China May Still Reduce Lending Rates After RRR Cut: Herald

CHINA PRESS
MNI (Beijing)

China may still cut interest rates as it needs increased loosening policies and more credit to support growth, the 21 Century Business Herald said citing analyst Li Zhan of China Merchant Fund. China may cut the loan prime rate (LPR) on this Wednesday, and should the pandemic continues to impact the economy, the rate on medium-lending facilities (MLF) could be further lowered in Q2, Li was cited as saying. On Friday, the central bank cut RRR by 25 bp. While the move wasn't enough to change the market’s overall direction, it helps boost investors’ confidence, the newspaper said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.