Suan Teck Kin, CFA, Head of Research at UOB Group, reviewed the recent move in the Chinese Loan Prime Rate (LPR). Key Quotes “China’s Loan Prime Rate (LPR) latest fixings (Wed, 20 Nov) dipped a modest 5bps to 4.15% for the 1Y tenure) and to 4.80% for 5Y and above tenure, which was at the lower end of the range of our call of 5-10bps decline”. “While it is clear that China’s easing cycle has started, the pace of declines seen in the MLF, 7D reverse repo rate and the latest LPR fixings has been milder than we had anticipated, suggesting the authorities are taking a measured and cautious approach to guide interest rates lower”. “With the US-China trade tensions appearing to be easing and major central banks on pause mode, we are adjusting our forecasts to factor in a less aggressive downtrend in the LPR. We now project the 1Y LPR at 3.80% by mid-2020, instead of our earlier call of 3.65%“. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price News & Forecast: XAU/USD is flirting with session lows FX Street 3 years Suan Teck Kin, CFA, Head of Research at UOB Group, reviewed the recent move in the Chinese Loan Prime Rate (LPR). Key Quotes "China's Loan Prime Rate (LPR) latest fixings (Wed, 20 Nov) dipped a modest 5bps to 4.15% for the 1Y tenure) and to 4.80% for 5Y and above tenure, which was at the lower end of the range of our call of 5-10bps decline". "While it is clear that China's easing cycle has started, the pace of declines seen in the MLF, 7D reverse repo rate and the latest LPR fixings has been milder than we had anticipated,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
