Chinese financial media says the PBoC could cut its prime rates this quarter

China Securities Journal says the People’s Bank of China could lower Loan Prime Rates (LPRs) in Q1 2024.

Just yesterday:

• PBoC Loan Prime Rates (LPR) are unchanged @ 1 year 3.45% & 5 year 4.20%. As expected

The PBoC missed the chance in January. The next LPR setting is due on Tuesday February 20. The final chance for Q1 is the setting on Wednesday March 20.

I posted a few weeks back on the challenge the PBoC faces in easing policy:

• Why the People’s Bank of China can’t ease the economic headwinds away

This article was written by Eamonn Sheridan at www.forexlive.com. Source