China state financial media say rates to be kept unchanged by the PBOC today

Author: Eamonn Sheridan | Category: Central Banks

At 0130 GMT we get the People's Bank of China Loan Prime Rate monthly setting

  • 1 year LPR expected 3.85%, prior 3.85%. Note, the 'expected' is the consensus but the consensus is only a very slim majority this month, there are plenty expecting a small cut (5bps) in the one-year. The People's Bank of China kept the rate on its most recent medium-term lending facility (MLF) last week unchanged - the MLF rate and how it changes is often looked to as a guide for the LPR. 

  • 5 year LPR expected 4.65%, prior 4.65%

  • The previous, back on June 21, was the 14th month in a row of unchanged for the loan prime rates

China Securities Journal survey confirming what I had written (above) earlier today. 

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