Earlier preview post on this:
People's Bank of China monetary policy rate setting day - what to expect for loan rates
NAB comment on what to expect:
- While surveys from last week show a strong consensus for no change to both, yesterday China lowered its 14-day reverse repo rate by 10bps to 2.15% (7-day rate unchanged at 2.0%). This elicits a bit of speculation that we could see a small change in one or both LPRs, so signifying a further easing in monetary policy (and negative for the Yuan were it to transpire).
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The setting is coming up at 0115 GMT.
