A very light economic calendar due from Asia today, People's Bank of China the focus.
Due at 0130 GMT, a tinye cut is expected for both.
- Loan prime rates for 1 and 5 years
- The LPR is set once a month, based on a spread above the MLF rate.
5 year rate
- expected 4.70%, prior 4.75%
For the 1 year rate
- expectation 4.00%, prior 4.05%
0200GMT - New Zealand credit card spending for February
- priors +1.3% m/m and +3.7% y/y