Coming up around 0130GMT, the setting of a key lending rate.
The Loan Prime Rate (LPR) monthly setting - its expected to decline by 10 basis points (at the most, could well be a smaller reduction)
- LPR is a lending reference rate
- set once a month by 18 banks
The PBOC has recently pegged it to the MLF (medium-term lending facility). In August the (one-year) LPR was set at 4.25% (from July's 4.31%) .
- one-year MLF rate is 3.3%
A lower LPR would likely translate into lower rates for both business and consumer borrowing, which should act as a form of stimulus. A lower LPR should thus be a positive input for China-risk assets.
PBOC Gov Yi gang:
