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MNI STATE OF PLAY: PBOC In Wait-And-Watch Mode On Key Rates

MNI (Singapore)
SINGAPORE (MNI)

Analysts say the PBOC has judged liquidity as adequate for now and awaits the impact of earlier easing.

True

China’s key reference lending rate is expected to remain unchanged this coming Monday as the People’s Bank of China refrains from further divergence from U.S. monetary policy that could encourage more capital outflows and pressure the yuan, market analysts said.

The June Loan Prime Rate (LPR), to be released by the PBOC on June 20 based on quotes from 18 banks, is likely to remain at 3.7% over one year rate and 4.45% for five years and above.

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China’s key reference lending rate is expected to remain unchanged this coming Monday as the People’s Bank of China refrains from further divergence from U.S. monetary policy that could encourage more capital outflows and pressure the yuan, market analysts said.

The June Loan Prime Rate (LPR), to be released by the PBOC on June 20 based on quotes from 18 banks, is likely to remain at 3.7% over one year rate and 4.45% for five years and above.

Keep reading...Show less