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MNI PBOC WATCH: LPR On Hold, But Ample Tools To Boost Growth

MNI (Singapore)
(MNI) Beijing

China's key reference rates are expected to be kept steady, but the PBOC will maintain ample liquidity and use targeted lending to drive a recovery.

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China's reference lending rates are expected to remain unchanged in January as confidence about an economic recovery grows after the easing of Covid controls, and as measures to expand credit and shore up the property sector gain traction, advisors and analysts said.

The Loan Prime Rate (LPR) for the 1-year and over-5-year tenors are expected to be maintained at 3.65% and 4.3%, respectively, on Friday as the quote provided by a panel of banks is likely to remain the same and the People’s Bank of China did not alter the rate on its medium-term lending facility (MLF) on Monday.

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China's reference lending rates are expected to remain unchanged in January as confidence about an economic recovery grows after the easing of Covid controls, and as measures to expand credit and shore up the property sector gain traction, advisors and analysts said.

The Loan Prime Rate (LPR) for the 1-year and over-5-year tenors are expected to be maintained at 3.65% and 4.3%, respectively, on Friday as the quote provided by a panel of banks is likely to remain the same and the People’s Bank of China did not alter the rate on its medium-term lending facility (MLF) on Monday.

Keep reading...Show less