Via Reuters, a bit of a what to expect (in a nutshell, a rate cut)
- All 64 respondents analysts surveyed expect a reduction in the one-year loan prime rate (LPR)
- 37 expect a cut also to the 5 year LPR
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Background:
- PBOC cut its 7 day RR rate on Monday by 5 bps
- And cut the rate on one year MLF a couple of week ago, also by 5 bps
A lower LPR will, in effect, lower financing costs for companies and consumers in the real economy.
