Free Trial

MNI PBOC WATCH: Accommodative Stance Taken Despite LPR Hold

The PBOC has taken a more accommodative stance towards future easing.

MNI (BEIJING) - The People’s Bank of China’s has fine-tuned its language on monetary policy to “accommodative” from its previous “prudent” stance, increasing the likelihood of further easing and the chance it will guide down the reference lending rate later this year. 

China's Loan Prime Rate was held at 3.35% for the one-year maturity and 3.85% for the over five-year tenor on Tuesday, in line with expectations and as the PBOC continued to keep the 7-day reverse repo rate unchanged this month. (See: MNI PBOC WATCH: Aug LPR To Hold Steady, Policy Easing Ahead)

Keep reading...Show less
321 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.

MNI (BEIJING) - The People’s Bank of China’s has fine-tuned its language on monetary policy to “accommodative” from its previous “prudent” stance, increasing the likelihood of further easing and the chance it will guide down the reference lending rate later this year. 

China's Loan Prime Rate was held at 3.35% for the one-year maturity and 3.85% for the over five-year tenor on Tuesday, in line with expectations and as the PBOC continued to keep the 7-day reverse repo rate unchanged this month. (See: MNI PBOC WATCH: Aug LPR To Hold Steady, Policy Easing Ahead)

Keep reading...Show less