Goldman Sachs expect 15bp rate cuts from the People’s Bank of China today

The People’s Bank of China will be cutting loan prime rates today, from earlier:

Last week we had rate cuts from the People’s Bank of China:

ING expect 15bps:

Goldman Sachs, too are 15bp cuts to the LPRs. Current LPR rates are:

  • 3.55% for the one year
  • 4.20% for the five year

Barclays is also at 15bp cuts.

If we get 15bp rate cuts the one year will move to 4.2%, a new low.

Earlier news from China:

The PBOC decision is due at 0115 GMT, which is 9.15 pm US Eastern time.

This article was written by Eamonn Sheridan at Source