UPCOMING EVENTS:Monday: PBoC LPR.Wednesday: Japan/Australia/Eurozone/UK/US Flash PMIs, BoC Policy Decision.Thursday: US Durable Goods Orders, US Jobless Claims, US Q2 Advance GDP.Friday: Tokyo CPI, 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 central bank left the MLF rate unchanged at 2.50% last week and it’s generally a leading indicator for the LPR decision. As a reminder, the PBoC recently introduced a new cash management mechanism and Governor Pan Gongsheng said that the seven-day reverse repo rate "basically fulfils the function" of the main policy rate. ING published a nice article on the ne
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