Chinese financial media says LPRs (PBOC loan rates) likely to stay unchanged for some time

The info comes via two media sources in China, China Securities Journal and Shanghai Securities News.

In summary:

• There is a high probability that the follow-up LPR will remain stable, and the overall loan interest rate may be mainly stable. The necessity of further downward trend is very low, and the space is greatly narrowed.

Goldman Sachs concur, said earlier they don't foresee any LPR changes on the horizon:

• PBOC left rates unchanged, but Goldman Sachs expect some movement from the Bank in June

Yesterday the People's Bank of China held rates steady as per market consensus:

• PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expected