Free Trial

China's one-year Loan Prime Rate, the...>

CHINA PRESS
CHINA PRESS: China's one-year Loan Prime Rate, the new loan price basis launched
by the central bank, is expected to be lowered by 5bps to 4% on Friday,
according to the China Securities Journal. The Journal's report says the rate
cut is expected even though the People's Bank of China (PBOC) kept the rate
unchanged for the CNY100 billion in Midterm Lending Facility yesterday. Citing
Wen Bin, the chief analyst with Minsheng Bank, the Journal said the banks can
save CNY8.5 billion's cost on interest annually thanks to the targeted
reserve-deposit ratio cut implemented by the PBOC yesterday, which guides banks
to lower financing costs in the real economy. 

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.