Chinese Loan Prime Rate 5Y (Jan) 3.5% vs. Exp. 3.5% (Prev. 3.5%)
The Chinese Loan Prime Rate for 5Y remained unchanged at 3.5%, aligning with expectations.
PBoC sets USD/CNY mid-point at 7.0006 vs exp. 6.9576 (prev. 7.0064)
Chinese Loan Prime Rate 1Y (Jan) 3.0% vs. Exp. 3.0% (Prev. 3.0%)
Chinese Loan Prime Rate 5Y (Jan) 3.5% vs. Exp. 3.5% (Prev. 3.5%)
[MARKET UPDATE] USD/JPY dips under 158.00 despite the absence of news but amid a continued rise in JGB yields, with the 40yr JGB yield hitting 4.00% - the highest since its 2007 debut
PRE-MARKET CHINESE STOCK NEWS
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This steady rate suggests stability in monetary policy, but may not significantly impact the broader growth outlook or risk sentiment in the market at this time.
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