Free Trial

The PBOC may cut the rate for...........>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC may cut the rate for Medium-term Lending Facility by 5bps
next Monday to stabilize market confidence, the Securities Times notes, citing
an analysis report by Citic Securities, a leading state-owned financial
institution. The yuan exchange rate has posed fewer restrictions on PBOC's
monetary easing recently and the clampdown on high-yield bank deposits may
prelude a Loan Prime Rate cut, the paper added.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@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.