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Analysts Say LPR Still Has Room to Go Lower: CN Media
Recommend 33 Positive 58 Negative 15 |
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Ming Ming, Chief Economist at CITIC Securities, said that the recent Central Economic Work Conference has set the tone for the next phase of monetary policy as "moderately loose", and it also mentioned "timely interest rate and RRR cuts", indicating that there is still room for further LPR reductions, according to the Securities Times. In addition, there may also be significant room for unilateral LPR cuts under the demand to optimize LPR quotation quality. Wang Qing, Chief Macro Analyst at Golden Credit Rating, expected the People's Bank of China to continue to implement strong interest rate cuts under the moderately loose monetary policy tone. It is estimated that policy rates may be reduced by 0.5 ppts, which will lead to a subsequent downward adjustment to LPR quotations. AAStocks Financial News |
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