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China onshore market: Rates update

Name: 03/02/2023. Gazprombank: China onshore market: Rates update
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

03/02/2023 | Gazprombank

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The Central Bank on January 20 kept its 1Y and 5Y Loan Prime Rates (LPR) unchanged at 3.65% and 4.3%, respectively. Assuming no further reductions of the RRR or MLF rates, we believe that the PBoC is inclined to keep LPR rates unchanged for an extended period.

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