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(N2) Outlook Remains Bearish


GoCs Steady Ahead Of Upcoming Data

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Three Reuters sources suggest that the PBOC will cut the interest rates applied to its Standing Lending Facility loans on Monday, in the wake of recent reductions to interest rates applied to other similar operations.

  • Reuters reports that "the borrowing cost on overnight, seven-day and one-month loans will be lowered by 10 basis points to 2.95%, 3.10% and 3.45%, respectively."
  • The PBOC's Standing Lending Facility is used to provide short-term loans to commercial banks. Borrowers must guarantee assets with with high credit ratings as collateral.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

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