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In the past month, foreign banks have collectively raised their expectations for China's economy, with Morgan Stanley's Xing Ziqiang saying "the first quarter exceeded expectations."
In the past month, economists from HSBC, ANZ, and Citigroup have raised their GDP forecasts for China. Xing Ziqiang believes that China's economic performance in the first quarter was "above expectations", with strong economic momentum and significant increases in investment in XINXINGCHANYE, leading the team to revise its economic growth forecast for the year upward by 0.5 percentage points.
Guosheng Securities: The MLF interest rate has exited the stage, further strengthening the core policy interest rate status of the reverse repurchase rate.
The future trend of interest rates mainly depends on two factors: first, the pace of the central bank's "timely reserve requirement cut and interest rate reduction"; second, the effectiveness of fiscal stimulus, real estate sales, tariff disruptions, and other fundamental conditions.
New changes in the central bank's 450 billion MLF operations: multiple price levels for successful bids, further progress in interest rate marketization.
On March 24, the central bank's official website announced that it would carry out a medium-term lending facility (MLF) operation of 450 billion yuan, and starting this month, the MLF operation will change from a single-price bidding to multiple-price bidding (i.e., American-style bidding).
Chinese Banks Hold Their Benchmark Lending Rates for Fifth Month
Goldman Sachs: China's data is "good enough" to achieve the 5% target! However...
The recent measures introduced by China to boost Consumer spending help to restore market confidence, but their effectiveness still depends on the availability of funds and the execution of policies.
Demand surged! The offshore renminbi interbank offered rate skyrocketed, what happened?
The offshore yuan suddenly surged!