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People's Bank of China rate setting today - MLF expected unchanged

Started by forex4you, Dec 15, 2022, 07:33 am

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People's Bank of China rate setting today - MLF expected unchanged

<p>A Medium-term Lending Facility (MLF) roll, or partial roll, is expected today from the People's Bank of China. </p><p>The 1-year MLF rate is very likely to be left unchanged at 2.75%. Given promises of more support for the economy a cut to the rate can;t be ruled out. </p><p>Later this month, on the 20th, the PBOC will set the 1- and 5-year Loan Prime Rates (LPR). The MLF rate provides a clue on what to expect for the LPRs. </p><p>Also from China today, November activity data:</p><ul><li><a href="https://www.forexlive.com/news/economic-calendar-in-asia-china-economic-activity-data-for-november-australia-jobs-20221214/" target="_blank" rel="follow" data-article-link="true">Economic calendar in Asia - China economic activity data for November, Australia jobs</a></li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.

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