By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Is Trump walking away from peace in Ukraine? | US News
    Is Trump walking away from peace in Ukraine? | US News
    May 20, 2025
    How the U.S. is Tapping a Much Bigger Well in The Middle East
    How the U.S. is Tapping a Much Bigger Well in The Middle East
    May 20, 2025
    Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
    Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
    May 20, 2025
    Trump reveals difficult relationship with Zelensky — RT World News
    Trump reveals difficult relationship with Zelensky — RT World News
    May 20, 2025
    Stock market news today: live updates
    Stock market news today: live updates
    May 20, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
    May 20, 2025
    Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec
    Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec
    May 20, 2025
    Binance wants arbitration for all members of securities class suit
    Binance wants arbitration for all members of securities class suit
    May 20, 2025
    US Senate moves forward with GENIUS stablecoin bill
    US Senate moves forward with GENIUS stablecoin bill
    May 20, 2025
    Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans
    Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans
    May 20, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: China central bank set to stand pat on medium-term policy rate in Feb
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > China central bank set to stand pat on medium-term policy rate in Feb
China central bank set to stand pat on medium-term policy rate in Feb
Business

China central bank set to stand pat on medium-term policy rate in Feb

Published February 8, 2024
Share
3 Min Read
SHARE

BEIJING/SHANGHAI : China’s central bank is expected to stand pat on a key policy rate when rolling over the maturing medium-term loans in just over a week from now, a Reuters survey showed, as the authorities appear to be keen to maintain currency stability.

Market participants believe Beijing is striking a delicate balancing act to support the economy. Signs of persistent deflationary pressure calls for more stimulus measures as fast falling prices have raised real borrowing costs, but aggressive monetary easing could revive depreciation pressure on the Chinese currency and trigger capital outflows.

With investors pushing back the start of the U.S. Federal Reserve monetary easing to May from March, traders expect the still-wide yield differentials between the world’s two largest economies would continue to constrain Beijing’s easing efforts.

In a Reuters poll of 31 market watchers conducted this week, 22, or 71 per cent, of all respondents expected the People’s Bank of China (PBOC) to keep the interest rate on the borrowing cost of the one-year medium-term lending facility (MLF) loans unchanged on Feb. 18. The remaining nine participants projected a marginal interest rate reduction.

A total of 499 billion yuan ($69.36 billion) worth of MLF loans are due to mature this month.

The week-long Lunar New Year public holidays will start on Feb. 10, and the loan rollover is expected to take place on Feb. 18, which is a makeup working day.

“We are not of the view that the PBOC will implement an MLF rate cut after the week-long holiday,” said Samuel Tse, economist at DBS.

“The policymakers are awaiting the first cut from the Fed to maintain a stable yuan exchange rate.”

Some traders and analysts said Chinese banks could choose to reduce their benchmark lending loan prime rates (LPRs) to stimulate credit demand and prop up the economy.

“Post the Chinese New Year holiday, monetary policies could be more flexible – we are expecting an asymmetric LPR cut this month following the deposit rate cut last December and the 50-basis-point reserve requirement ratio (RRR) cut,” Citi analysts said in a note.

“Such a package is unlikely to be a ‘bazooka’ stimulus. However, a timely and carefully implemented package could still be able to set the stage for mild reflation this year.”

The central bank delivered a deep cut to bank reserves earlier this month, in a move that will inject about $140 billion of cash into the banking system.

China is due to release its monthly LPR fixings on Feb. 20.

($1 = 7.1945 Chinese yuan)

#China #central #bank #set #stand #pat #mediumterm #policy #rate #Feb

TAGGED:bankCentralChinaFebmediumtermPatpolicyratesetstand
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article BPL 2024 week three – Shakib Al Hasan helps Rangpur Riders go top as Pakistan players exit for PSL BPL 2024 week three – Shakib Al Hasan helps Rangpur Riders go top as Pakistan players exit for PSL
Next Article Pakistan begins voting with Khan in jail and Sharif tipped to win Pakistan begins voting with Khan in jail and Sharif tipped to win
- Advertisement -

Latest Post

Is Trump walking away from peace in Ukraine? | US News
Is Trump walking away from peace in Ukraine? | US News
World News
Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
Cryptocurrency
Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec
Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec
Cryptocurrency
How the U.S. is Tapping a Much Bigger Well in The Middle East
How the U.S. is Tapping a Much Bigger Well in The Middle East
World News
Binance wants arbitration for all members of securities class suit
Binance wants arbitration for all members of securities class suit
Cryptocurrency
Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
World News
- Advertisement -

You Might Also Like

Fed’s Powell Cements Pivot But Pushes Back on Timing of Cuts
Business

Fed’s Powell Cements Pivot But Pushes Back on Timing of Cuts

February 1, 2024
Genesis reaches  million SEC settlement in bankruptcy wind-down
Business

Genesis reaches $21 million SEC settlement in bankruptcy wind-down

February 2, 2024
Two Fifths of Britons Lack Basic Financial Literacy, Survey Reveals
Business

Two Fifths of Britons Lack Basic Financial Literacy, Survey Reveals

July 1, 2024
Private equity firms have avoided taxation on over  trillion of income thanks to a loophole, new Oxford research reveals
Business

Private equity firms have avoided taxation on over $1 trillion of income thanks to a loophole, new Oxford research reveals

June 14, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?