LPR high probability of “standing still”

On Dec. 15, the People’s Bank of China (PBOC) announced that it would carry out 950 billion yuan of medium-term Lending Facility (MLF) operations (including the renewal of two MLF maturities on Dec. 7 and 16) and 10 billion yuan of reverse repurchase (REPo) operations to maintain reasonable liquidity in the banking system. Public data […]

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