Citing Ming Ming, the Deputy Head of the Research Department of Citic Securities, China Securities Journal reported that the People’s Bank of China (PBOC) is expected to slash the Loan Prime Rate (LPR), the market-oriented loan price basis launched last year, later this month. The Chinese central bank kept the benchmark rate unchanged for the last three months. Additional takeaways “Lowering borrowing costs for companies has become more important this year and this requires further cuts to the LPR.” “The PBOC needs to cut money market policy rates or cut reserve ratios to drive banks to report lowered rates.” “More easing from the central bank was still likely in Q3.” PBOC to keep monetary policy loose and flexible to boost growth – Global Times 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 Futures: Further decline on the cards FX Street 3 years Citing Ming Ming, the Deputy Head of the Research Department of Citic Securities, China Securities Journal reported that the People’s Bank of China (PBOC) is expected to slash the Loan Prime Rate (LPR), the market-oriented loan price basis launched last year, later this month. The Chinese central bank kept the benchmark rate unchanged for the last three months. Additional takeaways “Lowering borrowing costs for companies has become more important this year and this requires further cuts to the LPR.” “The PBOC needs to cut money market policy rates or cut reserve ratios to drive banks to report lowered rates.” “More… 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.
