China's PBOC maintains 1-year MLF rate at 2.50% amid Fed rate cut uncertainty, prioritizing yuan stability.

China's central bank, PBOC, is expected to keep its 1-year MLF rate at 2.50% when it rolls over 481B yuan ($66.86B) worth of loans, as per a Reuters survey. The decision reflects uncertainty over the Fed's rate cut timeline, and prioritizes yuan stability, despite calls for more stimulus. The Federal Reserve is likely to cut interest rates if inflation drops, with a 65% chance of a June rate cut.

March 14, 2024
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