It is expected that the The People’s Bank of China injects funds through a medium-term loan operation as another political maneuver aimed at supporting the economywhich is slowly recovering from the shocks of COVID-19, at a time when other major economies are aggressively raising interest rates.
The China Securities magazine article states that 1 trillion yuan (about 139,000 million dollars) matures and that the injection is expected to correspond to the amount that maturesaccording to most of the analysts surveyed.
However, not everyone expects this.
It should also be borne in mind that the preferential rates for one- and five-year loans will be set on Monday the 21st.
The rate set for the FML will provide a clue to any changes in LPR rates. Currently at 3.65% at one year and 4.30% at five years.
Source: Fx Street
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