Economic calendar in Asia Tuesday, 20 June 2023 – China interest rate setting, LPR day

Another rate cut is expected from China today. Last week we saw the People’s Bank of China cutting three separate policy rates:

And there was other stimulus, and more is expected:

Analysts are wary, though, that stimulus will be too little:

Anyway, back to today, the PBOC is setting Loan Prime Rates (LPRs).

Currently LPR rates are:

  • 3.65% for the one year
  • 4.30% for the five year

3.55% and 4.20% are expected, but a slightly deeper cut would not be too much of a surprise.

Also up today are 3 events from the Reserve Bank of Australia. I posted a heads-up preview to these here:

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

This article was written by Eamonn Sheridan at Source