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China Initiates Easing Blitz With Biggest-Ever MLF Cut
As expected, China cut the rate on one-year policy loans Wednesday, a day on from Pan Gongsheng's bi
Reading Chinese banks’ NIM may be reduced -20bp, ROA -14bp, and deposit rates -25bp – from S&P Global. Not that investing in Chinese banks is anything I’d remotely consider.
Yeah, I mean they’re just Party appendages.
So, jump ahead, what does China do next when this doesn’t work? Will Xi tell Pan to keep pushing on the string, take lending rates to zero? If demand for loans is the problem, will they start pressuring companies and people to borrow more, and how?