Reminder - PBOC monetary policy interest rate decision due Wednesday evening, US time ...Middle East

The TL;DR on this post is that there is no rate change expected from the People's Bank of China. On Monday the Bank set the Medium-term Lending Facility (MLF) unchanged:People's Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)The MLF rate sets the scene for the monthly Loan Prime Rate (LPR) announcement, due on the 20th. Current LPR's1-year Loan Prime Rate 3.45%5-year Loan Prime Rate 3.95%the 5-year 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.The People's Bank of China will announce the LPRs around 0115 G

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Reminder - PBOC monetary policy interest rate decision due Wednesday evening, US time ...Middle East

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