Logo 16 Nov 2023

If you lend it, they will consume

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Trivium Markets keeps you briefed on the latest developments in China markets policy.

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Banks are heeding authorities' calls to reduce consumer borrowing costs.
Lenders are now routinely offering rates of 3%-3.5% on short-term consumer loans, with some offers as low as 2.8% (China Daily, Caixin Global).

That’s a razor-thin spread over the central bank’s medium-term lending facility (M...