China’s benchmark lending rates are due for announcement
The People’s Bank of China will announce China’s benchmark lending rates on Monday.
The 1-year Loan Prime Rate is currently at 3.00% and the 5-year Loan Prime Rate is at 3.50%.
The rates are expected to remain unchanged, despite increased liquidity support from the central bank, with daily operations recently topping CNY 400bln.
The central bank has also announced plans to add overnight reverse repo instruments and increase overnight reverse repo operations.