Free Trial

The PBOC is expected to cut the.........>

CHINA PRESS
CHINA PRESS: The PBOC is expected to cut the interest rate on the medium-term
lending facility (MLF) in Q3 as it seeks to continue the momentum of economic
recovery which began in Q2, the 21st Century Business Herald reported. The
Herald's report cited Wang Qing, chief analyst with Golden Credit Ratings, who
said any MLF cuts could drive the LPR downward and promote a more substantial
decline in corporate lending rates. Wen Bin, chief researcher at China Minsheng
Bank, told the Herald that the PBOC move to keep LPR unchanged for the third
month yesterday was understandable given the stable MLF rate, recent rises in
market interest rates, and the upward marginal cost to banks. 

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.