UPCOMING EVENTS:Monday: PBoC LPR, Canada PPI.Tuesday: Australia/Japan/Eurozone/UK/US Flash PMIs.Wednesday: Australia CPI, Canada Retail Sales, US Durable Goods Orders.Thursday: US Q1 GDP Advance, US Jobless Claims.Friday: Tokyo CPI, Australia PPI, BoJ Policy Decision, US PCE. MondayThe PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year and 3.95% for the 5-year. The recent data has been weaker than expected with “activity” data disappointing and the latest CPI figures missing expectations by a big margin as the deflationary threat remained present. The PBoC Governor Pan stated that they still have sufficient room for monetary policy, so adjustmen
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