SHANGHAI/SINGAPORE : China's central bank is likely to keep its medium-term policy rate unchanged when rolling over such maturing loans on Monday, despite a slew of recent data pointing to faltering economic recovery, a Reuters survey showed.In a poll of 30 market watchers conducted this week, 26 particip
SHANGHAI/SINGAPORE : China's central bank is likely to keep its medium-term policy rate unchanged when rolling over such maturing loans on Monday, despite a slew of recent data pointing to faltering economic recovery, a Reuters survey showed.
Of the remaining four respondents, three forecast a 5-basis-point interest rate cut and one forecast a 10 basis point cut when the 100 billion yuan worth of maturing MLF loans is rolled over. Wang added that she expected credit demand to recover this year despite a slump in bank lending in April. "We now expect a reduction of 20 basis points to the MLF rate in the rest of this year, Citi's proxy of policy rate," Citi analysts said in a note.
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