Heads up for a rate cut from China expected on Monday, October 21, 2024
China sets loan prime rate (LPRs) on Monday, October 21, 2024. Last month the PBoC cut the 7-day reverse repo rate, and the Medium-term Lending Facility (MLF) rate: and a matching cut to LPRs is expected tomorrow. Indeed, on Friday PBoC Governor Pan foreshadowed Monday’s rate cut, by 20 to 25 basis points he says. Current LPRS are: 1-year…