The People´s Bank of China has set the 1-year loan prime rate at 3.65% vs 3.65% a month earlier

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

The People´s Bank of China has set the 1-year loan prime rate at 3.65% vs 3.65% a month earlier.

Also, the PBoC set the 5-year loan prime rate at 4.30% vs 4.30% a month earlier.

Meanwhile, on Friday the PBoC said it would cut the amount of cash that banks must hold as reserves for the first time this year to help keep liquidity ample and support a nascent economic recovery. The PBoC said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points (bps), effective March 27.

[/s2If]
Join Our Telegram Group