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CHINA PRESS: 7-Day Reverse Repo Rate Cut Expected In Q4

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegion

China’s central bank may still lower the 7-day reverse repurchase rate in Q4 by 10-20 basis points followed by an LPR reduction, given current economic performance and price levels, Wang Qing, chief macro analyst at Orient Securities said. Banks left benchmark lending rates unchanged in August as authorities remained focused on guiding enterprise and household credit rates lower following July’s loan prime rate cut, Wang added. Wen Bin, chief economist at China Minsheng Bank, said banks maintained the LPR rate given continued net interest margin pressure. 

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China’s central bank may still lower the 7-day reverse repurchase rate in Q4 by 10-20 basis points followed by an LPR reduction, given current economic performance and price levels, Wang Qing, chief macro analyst at Orient Securities said. Banks left benchmark lending rates unchanged in August as authorities remained focused on guiding enterprise and household credit rates lower following July’s loan prime rate cut, Wang added. Wen Bin, chief economist at China Minsheng Bank, said banks maintained the LPR rate given continued net interest margin pressure.