MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

MNI BRIEF: China's Oct Loan Prime Rate Unchanged

MNI (Singapore)
MNI (Beijing)

China's reference lending rate remained unchanged on Thursday, according to a statement on the People's Bank of China website, which was in line with market expectation as the central bank kept a key policy rate steady on Monday.

The Loan Prime Rate, based on the rate of PBOC’s Medium-term Lending Facility and quotes submitted by 18 banks, remains at 3.65% for the one-year maturity and 4.3% for over five years. The PBOC rolled over CNY500 billion of one-year MLF Monday, with the rate unchanged.

However, advisors and analysts estimate the over-five-year LPR could be cut further as major banks’ funding costs have been reduced after an across-the-board cut in deposit rates. China's property market still needs to be boosted through lower mortgage rates, they said.

Central Bank NewsPolicy NewsPBOCAPACChinaBriefStoryRegion
True
Central Bank NewsPolicy NewsPBOCAPACChinaBriefStoryRegion
True

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.