Not shown below is the interest rate decision from the People's Bank of China today. Around 0115 GMT (9.15 pm US Eastern time) is the Bank's Medium-term Lending Facility (MLF) rollover.
- There is 200 bn yuan of a maturing MLF expected to be rolled over, if not added to. The current MLF rate is 2.75% and this is expected to be trimmed by 10 bp. This would be the first cut in 10 months.
- Another rate cut expected from the People's Bank of China on Thursday. To the 1 year MLF.
The PBOC have already cut rates on two policy instruments this week:
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.
I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.
