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19th Feb 2024 21:43China+, Daily Monitor

  • The PBoC announced no change to the one-year LPR yesterday, in line with market expectations...
  • ...But the surprisingly large 25bp cut to the five-year LPR is a clear signal of property-market support.
  • China is finally taking bigger steps to boost the ailing property market, but more will likely be needed.

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Keywords for: 21 February 2024 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence