Asian Economic Calendar: Key event for 20 November 2023 is the PBoC interest rate decision ...Middle East

The People's Bank of China headlines an otherwise bare calendar for the session today:Due at 8.15 pm US Eastern time on Sunday evening, November 19.No change in the Loan Prime Rates (LPRs)are expected. Last week the Medium-term Lending Facility (MLF) rate was left unchanged:People's Bank of China MLF rate at 2.5% (expected 2.5%, prior 2.5%): injects 1450bn yuanThe MLF rate sets the scene for the monthly Loan Prime Rate (LPR) setting. Current LPR rates are:3.45% for the one year4.20% for the five year---The PBOC's Loan Prime Rate (LPR):Its an interest rate benchmark used in China, set by the People's Bank of China each month on the 20th. The LPR serves as a reference rate for banks when they

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Asian Economic Calendar: Key event for 20 November 2023 is the PBoC interest rate decision ...Middle East

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