STATSCAN SAYS NOV FLASH RETAIL SALES `RELATIVELY UNCHANGED'

MNI BRIEF: Fed's Daly-Have Entered 'Gradualist' Phase Of Cuts

MNI BRIEF: EU Says Ready To Purchase More U.S Energy

MNI China Daily Summary: Friday, December 20

MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

MNI: BELGIUM DEC BNB BUSINESS CONFIDENCE -13.8

MNI: US NOV PERSONAL INCOME +0.3%; NOM PCE +0.4%

MNI: CANADIAN OCT RETAIL SALES +0.6%; SALES EX-AUTOS/PARTS +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA:  Loan Prime Rates Unchanged

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China’s 1 and 5-year Loan Prime Rates remain unchanged today at 3.10% and 3.60% respectively.
  • Market expectations were for no change.
  • Having eased in October, it was unlikely that further policy adjustments would occur this year.
  • China has shifted it’s monetary policy tone to ‘moderately loose’ for 2025, from the current setting of prudent, reflecting expectations for Fed cutting rates and slowing inflation.
  • However further policy action will be muted until the new year when policy announcements will be forthcoming with greater detail.
  • Economists predict that in 2025 more rate cuts and RRR cuts will occur, the point of which is not lost on the bond markets where yields continue to fall. 
112 words

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.
  • China’s 1 and 5-year Loan Prime Rates remain unchanged today at 3.10% and 3.60% respectively.
  • Market expectations were for no change.
  • Having eased in October, it was unlikely that further policy adjustments would occur this year.
  • China has shifted it’s monetary policy tone to ‘moderately loose’ for 2025, from the current setting of prudent, reflecting expectations for Fed cutting rates and slowing inflation.
  • However further policy action will be muted until the new year when policy announcements will be forthcoming with greater detail.
  • Economists predict that in 2025 more rate cuts and RRR cuts will occur, the point of which is not lost on the bond markets where yields continue to fall.