The news of commercial bank rate cuts is here:
Next Thursday, the 15th, we’ll get the latest MLF rate from the People’s Bank of China. The MLF sets the stage for Loan Prime Setting on the 20th, the following Tuesday.
Unless we get some sort of early move out of the PBOC. Anyway, at this stage its analyst and media speculation.
People’s Bank of China Governor Yi Gang
This article was written by Eamonn Sheridan at www.forexlive.com.