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net interest margins

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PBOC Defends Yield Curve: Beijing Defies Easing Pressure to Anchor Yuan Stability Across Asia-Pacific Corridors

Opinion

20 Jul 2026

PBOC Defends Yield Curve: Beijing Defies Easing Pressure to Anchor Yuan Stability Across Asia-Pacific Corridors

The People’s Bank of China holds its benchmark Loan Prime Rates unchanged at the July 20 fixation, prioritizing cross-border currency stabilization and commercial net interest margins over aggressive liquidity injections.

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