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 expectedThe 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.
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