SHANGHAI : China's central bank is expected to roll over its medium-term loans maturing this week, but a second consecutive cut to its lending rate is seen as unlikely, a Reuters survey showed.
The remaining three said they expect issuance to slightly exceed the value of loans maturing this week as an indication of the PBOC's easing stance.In January, the PBOC unexpectedly cut the rate on one-year MLF loans to some financial institutions by 10 basis points to 2.85per cent from 2.95per cent previously, alongside a 10 basis-point cut in the seven-day reverse repurchase agreement rate.
"I don't think rates are likely to move. January credit data wasn't bad, I think we have to watch another month," said Zhou Hao, senior economist at Commerzbank Asia.