Reminder: The PBOC meets on Monday ...Middle East

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Reminder: The PBOC meets on Monday
source : forex live ( Middle East ) () 7
As the NY trading day winds down, keep in mind that the first event on the economic calendar next week is the Loan Prime Rate meeting at the People's Bank of China.Governor Pan Gongsheng left the MLF rate unchanged last week so expectations are for no change but given the rough ride in Chinese markets so far this year, I wouldn't rule anything out.The LPR rate was last changed in August: PBOC Loan Prime Rate cut: 1-year 3.45% (prior 3.55%) & 5-year 4.2% (prior 4.20%).PBOC's Loan Prime Rate:It is an interest rate benchmark used in China, set by the People's Bank of China each month. While set on the 20th of the month or the first business day afterwards. The new LPR takes effect on the firs

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