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PBOC Loan Prime Rates (LPR) CUT: 1-year 3.45% (prior 3.55%) & 5 year 4.2% (prior 4.20%)

A cut to the one-year rate of 10bp vs. 15 that was widely expected. And no cut to the 5 year rate at all. Thats a shock. ---Background to this is here:Economic calendar in Asia - People's Bank of China rate decision dueForecast for two 15bp rate cuts to come from the People's Bank of China on MondayGoldman Sachs expect 15bp rate cuts from the People's Bank of China today---PBOC's Loan Prime Rate (LPR)It is an interest rate benchmark used in China, set by the People's Bank of China each month. Wh... Read More

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Content Topics

Pboc

Loan

Prime

Rates

Lpr

Cut

Year

45 Prior

55 1 year

prior

3 55

4 20

Forex

Posted: Aug 21 2023, 01:15

Author Name: forexlive

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