PBOC Seen Holding Key Borrowing Rate After Slew of Support Steps
- China cut one-year loan rate in June for 1st time since August
- PBOC may add cash via MLF while leaving rate steady: Mizuho
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China will likely keep a key borrowing rate unchanged next week as it assesses the impact of its rate cuts last month as well as the recent support measures to bolster the property sector.
The People’s Bank of China will keep the interest rate on its medium-term policy loans unchanged at 2.65%, according to all 10 analysts surveyed by Bloomberg. That’s after it slashed that rate last month for the first time since August while also lowering short-term borrowing rates.