• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Economic calendar in Asia Monday, July 22, 2024 - China monetary policy rate setting day

Started by forex4you, Jul 22, 2024, 06:20 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

Economic calendar in Asia Monday, July 22, 2024 - China monetary policy rate setting day

The People's Bank of China announces the 1- and 5-year loan prime rates on Monday, 22 July 2024. The announcement is usually on the 20th, but since that was on Saturday it'll be today instead.

Last week we had the monthly Medium-term Lending Facility (MLF) setting:

When the People's Bank of China leaves the MLF rate unchanged its often, but not always, a signal that LPRs will remain unchanged.

Current LPR rates are:

  • 3.45% for the one year
  • 3.95% for the five year

The PBOC's Loan Prime Rate (LPR):

  • An interest rate benchmark used in China, set by the People's Bank of China each month.
  • The LPR serves as a reference rate for banks when they determine the interest rates for (primarily new) loans issued to their customers.
  • Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
  • LPRs are calculated based on the interest rates that a panel of 18 selected commercial banks in China submit daily to the PBOC.
    • The panel consists of both domestic and foreign banks, with different weights assigned to each bank's contributions based on their size and importance in the Chinese financial system.
    • The LPR is based on the average rates submitted by these panel banks, with the highest and lowest rates excluded to reduce volatility and manipulation. The remaining rates are then ranked, and the median rate becomes the LPR.
  • This snapshot from the ForexLive economic data calendar, access it here.
  • The times in the left-most column are GMT.
  • The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.


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

Source: Economic calendar in Asia Monday, July 22, 2024 - China monetary policy rate setting day

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com