China is expected to leave interest rates unchanged today - how long until they cut? ...Middle East

The PBOC is expeted to hold its benchmark one and five year Loan Prime Rate (LPR) unchanged today. Current LPR rates are:3.45% for the one year3.95% for the five yearThe expected hold is despite subdued economic data and widespread expectations that the Bank will be forced to cut rates at some stage. A critical constraint on the PBOC cutting rates is the wide yield gap with the US and the pressure on the yuan this is entailing. On Monday the Bank set the Medium-term Lending Facility (MLF) unchanged:People's Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)---How are Loan Prime Rates set? These are an interest rate benchmark used in China, set by the People's Bank of China each m

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