Home PBoC seen on hold throughout 2021 – UOB
FXStreet News

PBoC seen on hold throughout 2021 – UOB

The PBoC is expected to keep the benchmark rates unchanged in 2021, according to Lee Sue Ann, Economist at UOB Group.

Key Quotes

“With the acceleration of economic recovery, the pressure to ease monetary policy further has been greatly reduced which will allow the PBoC to pay attention to financial risks mitigation ahead.”

“The rise in the Shibor rates also poses a challenge for banks to lower the LPR further. As such, we expect the PBoC to continue to hold rates into 2021.”

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.