China – PBOC interest rate setting is coming up on Monday, March 21


Earlier this week the PBOC left the rate on its one-year medium-term lending facility (MLF) loans unchanged. This is likely indicative of no change to come on Monday on the 1 and 5 year LPRs. Not analysts agree, some are tipping a small cut (5bps) to LPRs. In February the People’s Bank of China left