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People’s Bank of China (PBOC) in Beijing, China, Thursday, December 15, 2022.
Bloomberg | Gets the image
China is expected On Monday, with a 1-year-old LPR by 3.1% and 5-year-old by 3.6%, as the Central Bank looks focused on stabilizing yuan amid US tensions with the US
The decision of the People’s Bank of China comes when China reports that this month is better than expected, economic data, with GDP in the first quarter increases by 5.4% per yearallowing her a room to stab bids.
Retail sales and industrial production numbers in March also won the expectations from the economists surveyed by Reuters.
The 1-year-old LPR affects corporate and most household loans in China, and the 5-year-old LPR serves as a benchmark for mortgage rates. PBOC has kept LPRS stable since October last year.
After the announcement, Chinese on the shore yuan He traded the apartment at 7.2995 against the dollar, while the marine yuan intensified to 7,2962 against Greenbek.
The content complied with the Reuters survey Economists, 87% expect the PBOC to be constant.
Dutch bank ing Last week, he also predicted that the PBOC was likely to have rates, and analysts Lyno Song and Min Joe Kan note that the LPR is unlikely to change, without the 7-day report.
A 7-day rap speed Currently, it is 1.5%and last September fell to 20 basic points.
However, Ing also said that “low inflation and strong outer winds on the background of escalation tariff threats provide a strong case to weaken. But the opinions about the currency stabilization can push the People’s Bank of China to wait until the US Federal Reserve reduce the cost of debt.”
The US has imposed tariffs up to 245% on Chinese imports, while China has sent 125% of US import duties.
While GDP growth figures were encouraging, consumer prices in the second largest economy in the world remained in the deflationary territory and Reading IPC in March Showing that prices decreased by 0.1% per year.
Producers’ prices decreased by 2.5%in March, noting the 29th month in the deflationary territory and seeing the highest reduction since November 2024.
