Economic calendar due from Asia today - People's Bank of China rate setting

From the PBOC on Monday 22 November 2021 is the monthly Loan Prime Rate setting (LPR)

1 year LPR %

• expected 3.85%, prior 3.85%

5 year LPR %

• expected 4.65%, prior 4.65%

These benchmark rates have been unchanged for 18 months and given the People's Bank of China (PBOC) left the interest rate on its medium-term loans (MLF) unchanged last week unchanged is expected again today. The MLF interest rate sets a baseline for commercial bank LPR rates.

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November 22, 2021 at 08:43AM
Eamonn Sheridan
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