Its PBoC rate setting day, analysts unanimously expect an on hold decision ...Middle East

Last month the People's Bank of China were in a rate cutting mood:cut repo rates on July 22:PBoC announces cut to 7-day reverse repo rate to 1.70% from 1.80%at the same time the Bank lowered collateral requirements for medium term lending facility loansOn the same day they cut LPRs:China cuts 1 and 5 year loan prime rates by 10 basis points eachThen they followed up three days later with a surprise, shock, cut to their Medium-term Lending Facility (MLF) rate:People's Bank of China reduces 1 year Medium-term Lending Facility (MLF) rate to 2.3%Today its Loan Prime Rate (LPR) setting day again.Reuters survey of 37 analysts shows all expect both one- and five-year LPRs to be left on hold, curren

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