PBOC likely to guide down LPR In H2 – China Press

Dhwani Mehta FXStreet

The People's Bank of China (PBOC) may further guide down the Loan Prime Rate (LPR), mainly the five-year one, in the second half of the year to help boost housing mortgages and stabilize market expectations, the Securities Daily reported, citing analysts.

Key quotes

"The PBOC will also use structural monetary policy tools, such as issuing additional re-lending tools for industries affected by the pandemic."

"The PBOC may also increase loan support for private enterprises faced with the dilemma of closing down or reducing production which in turn causes supply chain interruptions."

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Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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