Economic calendar in Asia Wednesday, 20 March - Japan holiday, PBoC interest rate setting ...Middle East

Japanese markets are closed for a holiday today.---The People's Bank of China sets its Loan Prime Rate (LPR) for the one- and five-years on Monday January 21.Due at 0115 GMT, which is 9.15 pm US Eastern time.The LPR plays a vital role in determining interest rates for loans and mortgages in China.Current LPR rates are:3.45% for the one year3.95% for the five year, it was cut in February: PBoC’s largest 5 year LPR rate cut ever. The 5-year is a benchmark for mortgage rates in China and a big part of the reasoning behind the PBoC cut was support for the deeply troubled property sector.Last week the MLF rate was set unchanged, this is usually (not always) a reliable guide that LPR rates will re

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Economic calendar in Asia Wednesday, 20 March - Japan holiday, PBoC interest rate setting ...Middle East

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