China Securities Journal says loan rates are more likely to fall in Q4
Are they teasing us with this or what?
There is often chatter like this about and more often than not its just hot air.
Yesterday we got the Loan Prime Rates set unchanged for the 17th month in a row:
Given the rumblings in Chinese financial markets, Evergrande the driver for now, maybe we do get a rate cut in the final quarter. There is time. Q4 is October, November and December ....