China Securities Journal with the report, citing named and unnamed analysts on expectation for the People's Bank of China.
In summary :
- PBOC's desire for prudent monetary policy has not changed
- attitude of "no flooding" for liquidity provision remains
- the funding situation for Q3 is worry-free
- policy interest rate is unlikely to be lowered in the near future
- and whether the loan market quote rate (LPR) is loosened is more worthy of attention
Note, LPR setting is on the 20th:
- setting of 1- and 5- year loan prime rates (LPR) on July 20
- These rates have been unchanged for the past 14 months
