China: PBoC seen on hold next week – UOB

Economist Lee Sue Ann at UOB Group gives her views on the PBoC interest rate decision.

Key Quotes

“The PBoC said there should be “no sudden U-turn” of policy operations.”

“While loans growth is set to moderate this year, we continue to expect the benchmark 1Y loan prime rate (LPR) to stay flat at 3.85% for the rest of 2021.”