China: PBoC seen unchanged this week – UOB

Pablo Piovano FXStreet

Economist at UOB Group Lee Sue Ann expects the PBoC to keep its monetary conditions unchanged at its meeting this week.

Key Quotes

“The PBoC said there should be “no sudden U-turn” of policy operations”.

“While loans growth is set to moderate this year, we continue to expect the benchmark 1Y loan prime rate (LPR) to stay flat at 3.85% for the rest of 2021.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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