Heads up: PBOC rate decision coming up next

Author: Adam Button | Category: Central Banks

The one-year LPR is the spot to watch

The one-year loan prime rate is expected to be unchanged at 3.85% but there's a chance of a 5 bps or 10 bps cut, which would be broadly risk positive.

There's not a big chance of a cut priced in but 7 of 32 market participants surveyed by Reuters expect a cut, so it's definitely a live decision.

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