Free Trial

REPEAT: MNI EXCLUSIVE: PBOC To Guide Loan......>

PBOC
PBOC: REPEAT: MNI EXCLUSIVE: PBOC To Guide Loan Prime Rate Lower: Advisors
- A People's Bank of China benchmark key for setting companies' cost of
borrowing is likely to be guided lower on Wednesday after the PBOC adjusted an
open market rate earlier in the month, government advisors said. The Loan Prime
Rate will fall in accordance with Nov. 5's 5 bps cut in the Medium-Term Lending
Facility, said Chen Daofu, vice-director at the Financial Research Institute at
the State Council's Development Research Centre, noting that real interest rates
are still relatively high.
- For full story see MNI Main Wire at 16:19 GMT 11/18 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.