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PBOC May Cut Rate Mid-year

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will likely cut the rate of the medium-term lending facility around mid-year by about 0.1-0.2 percentage points to stabilise real estate and boost demand while prices will remain low in the near future, said Wang Qing, analyst at Golden Credit Rating. The PBOC kept the MLF rate unchanged Monday due to stronger-than-expected macroeconomic data in the first two months and relatively high level financing for the real economy in Q1, said Zhou Maohua, analyst from China Everbright Bank. (Source: China Securities Journal)

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