MondayOver the weekend the PBoC left the MLF rate unchanged at 2.50% as expected.The New Zealand Services PMI jumped back into expansion in January:Services PMI 52.1 vs. 48.8 prior.The Canadian January PPI came in line with expectations with a negative revision to the prior figure:PPI M/M -0.1% vs. -0.1% and -1.6% prior (revised from -1.5%).PPI Y/Y -2.9% vs. -2.8% prior (revised from -2.7%).Raw materials prices M/M 1.2% vs. -4.9% prior.Raw materials prices Y/Y -6.4% vs. -7.9% prior.TuesdayThe PBoC left the 1-year LPR rate unchanged but delivered the biggest 5-year LPR cut on record:3.45% for the one-year (previously 3.45%).3.95% for the five-year (previously 4.20%).First
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