PBOC vice gov says need to consider CPI, other factors, before adjusting benchmark rate
Press conference comments from People's Bank of China vice Governor Liu Guoqiang
- need to consider further before changing deposit rate - need a complete evaluation before changing
- deposit rate is a tool, need to be balanced in its use
The PBOC will set loan prime rates on the 20th of this month. Which gives us about two and half weeks to speculate on what they'll do.
more to come