SHANGHAI/SINGAPORE - China 's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed.
"In terms of policy support, we see an ongoing shift in government policy from monetary easing towards fiscal stimulus to bolster domestic demand," said Serena Zhou, senior China economist at Mizuho Securities. The MLF rate serves as a guide to the LPRs and markets mostly use it as a precursor to any changes to the lending benchmarks.
Separately, the persistent weakness in the Chinese yuan against the backdrop of widening yield differentials between China and other major economies continued to limit Beijing's monetary easing efforts.
Source: Loan News Today (loannewstoday.net)
China PBOC MLF Central Bank Interest Rate Bank Of China Net Interest Margin Monetary Easing
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