Economic calendar in Asia 22 August 2022 includes the People's Bank of China rate decision

On the calendar ahead of the session is the key loan prime rate (LPR) from the PBOC. Due at 0115 GMT.

Both one- and five-year interest rates will be set.

• The 1-Year Loan Prime Rate is currently at 3.70%
• The 5-Year Loan Prime Rate is currently at 4.45%

Expectations are high for a rate cut to either, or both given last week the People's Bank of China cut the rate on its (semi) rollover of the maturing medium-term lending facility (MLF):

• Rate cuts from the PBOC: 1-Year MLF loans rate to 2.75% from 2.85%, repo rate cut also

• ForexLive Asia-Pacific FX news wrap: PBoC slashes the CNY reference rate

PBOC Governor Yi Gang