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PBOC Seen Keeping May LPR Unchanged: Daily

CHINA PRESS
MNI (Singapore)

The PBOC is likely to keep the Loan Prime Rate unchanged when it issues monthly guidance on May 20, the Securities Daily reported citing analysts. The central bank has rolled over the maturing medium-term lending facilities with the amount and the rate unchanged, indicating it intends to keep policies stable and guide interbank rates around policy rates, the newspaper said. Banks also lack the motivation to increase May LPR quotes given marginal changes in banks' capital costs, the newspaper said citing Wang Qing, chief analyst at Golden Credit Rating. The one-year LPR has been unchanged for the 12th month at 3.85%, with the five-year LPR also unchanged at 4.65%.

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