The PBOC Increases the Scale of the Currency Swap with the HKMA to CNY800 Billion.

In order to support housing mortgages and calm market expectations, the People's Bank of China (PBOC) may further guide down the Loan Prime Rate (LPR), particularly the five-year one, in the second half of the year, according to the Securities Daily,

July 04, 2022 - 12:20 PM 277 views

The PBOC Increases the Scale of the Currency Swap with the HKMA to CNY800 Billion.

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© The PBOC Increases the Scale of the Currency Swap with the HKMA to CNY800 Billion.

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In order to support housing mortgages and calm market expectations, the People's Bank of China (PBOC) may further guide down the Loan Prime Rate (LPR), particularly the five-year one, in the second half of the year, according to the Securities Daily, citing analysts.

Key Quotes

The PBOC will also employ structural tools of monetary policy, like as providing more re-lending instruments for pandemic-affected industries.

The PBOC may also expand lending support for private businesses that are forced to choose between shutting down or lowering production, which disrupts the supply chain.

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