Despite the PBoC keeping MLF rate unchanged, talks of a Loan Prime Rate (LPR) cut persist ...Middle East

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Despite the PBoC keeping MLF rate unchanged, talks of a Loan Prime Rate (LPR) cut persist
Over the weekend we had the latest policy (un)move from ChinaPBOC leaves MLF rate unchanged at 2.5%, as expectedThe PBoC is very concerned that further rate cuts will lead to a run on the currency. And so the MLF was left unchanged. This is usually a good indication that the Loan Prime Rate (LPR) setting for the month that closely follows will also see no change. LPRs will be set tomorrow, Tuesday, 20 February 2024.Despite the unchanged MLF chatter of a LPR cut will not go away. An article in China Financial News, a media subsidiary and Chinese Communist Party - backed PBOC newspaper says "there is still room for a decline in loan prime rates".The piece cites:signals from previous statements

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