PBOC LPR setting: 1-year and 5-year both unchanged

People's Bank of China one- and five-year Loan Prime Rate (LPR) setting.

• 3.65% for the one year

• 4.30% for the five year

After the rate on the latest MLF last week was left unchanged expectations are these would remain the same also. Both are unchanged, as expected.

---

Background here:

• PBOC interest rate setting due today. Most expect no change, but a cut to 5 yr is a chance

• PBOC will be setting rates for one- and five-year Loan Prime Rates (LPR)