Chinese financial media says the PBoC could cut its prime rates this quarter

<p>China Securities Journal says the People's Bank of China could lower Loan Prime Rates (LPRs) in Q1 2024.</p><p>Just yesterday:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-loan-prime-rates-lpr-are-unchanged-1-year-345-5-year-420-as-expected-20240122/" target="_blank" rel="follow" data-article-link="true">PBoC Loan Prime Rates (LPR) are unchanged @ 1 year 3.45% &amp; 5 year 4.20%. As expected</a></li></ul><p>The PBoC missed the chance in January. The next LPR setting is due on Tuesday February 20. The final chance for Q1 is the setting on Wednesday March 20. </p><p>I posted a few weeks back on the challenge the PBoC faces in easing policy:</p><ul><li><a href="https://www.forexlive.com/centralbank/why-the-peoples-bank-of-china-cant-ease-the-economic-headwinds-away-20240108/" target="_blank" data-article-link="true">Why the People's Bank of China can't ease the economic headwinds away</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.