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MNI PBOC WATCH: LPR Holds As Property Stimulus Strengthened

MNI (Singapore)
(MNI) Beijing

The PBOC's latest measures to boost the property sector will likely reduce the need for a lower LPR, particularly among the five-year maturity.

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Chances China's Loan Prime Rate could see a cut in the near term have lowered thanks to the central bank’s recently announced property market stimulus and its additional focus on the sector.

The Loan Prime Rate, based on the People’s Bank of China’s medium-term lending facility (MLF) rate and quotes submitted by 20 banks, remained at 3.45% for the one-year and 3.95% for the over five-year maturity on Monday. The decision was largely anticipated. (See MNI PBOC WATCH: May LPR To Remain Steady As Market Rates Fall )

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Chances China's Loan Prime Rate could see a cut in the near term have lowered thanks to the central bank’s recently announced property market stimulus and its additional focus on the sector.

The Loan Prime Rate, based on the People’s Bank of China’s medium-term lending facility (MLF) rate and quotes submitted by 20 banks, remained at 3.45% for the one-year and 3.95% for the over five-year maturity on Monday. The decision was largely anticipated. (See MNI PBOC WATCH: May LPR To Remain Steady As Market Rates Fall )

Keep reading...Show less