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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessThe People's Bank of China is keeping...>
CHINA PRESS: The People's Bank of China is keeping a tight grip on the real
estate sector through small cuts to interest rates and is determined not to use
the sector for short term stimulus, according to the Economic Information Daily.
The Daily's report pointed to the PBOC's cuts of only 5 bps for the 5-year Loan
Prime Rate, the new key loan basis, while the 1-year LPR was cut by 10 bps.
Citing Dong Ximiao, an analyst with the National Institute of Finance and
Development, the Daily said the lowered 1-year LPR is intended be an offset to
the short-term impact of the epidemic but not a major stimulus for the real
estate sector.
To read the full story
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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.