China Mulls Scrapping Benchmark Lending Rates In Line With Market Conditions In Latest Reform Move

Posted by Fullerton Markets on May 29, 2019 1:07:37 PM

In a possible bid to show that Beijing remains determined to continue market-oriented reforms to help stabilise the economy amidst continuing trade tensions, the PBOC is considering scrapping its official benchmark lending rates.
Fullerton Markets’ Chief Strategist Jimmy Zhu highlights how recent official statements reveal the possibility of an expanded role for market interest rates in this report: