PBOC set 5- and 1-year LPR rates unchanged, 3.5% and 3.0% respectively. As expected.

PBOC set 5-year Loan Prime Rate (LPR) at 3.5%

• 3.5% expected, 3.5% prior

1-year LPR 3.0%

• 3.0% expected, 3.0 prior

The eighth consecutive month without a change.

More info here.

Coming up soon:

• PBOC is expected to set the USD/CNY reference rate at 6.9576 – Reuters estimate