China’s loan prime rates are expected to be held at 3.35% for the one-year LPR and 3.85% for the five year LPR, according to a Reuters poll.
China's central bank will announce its one-year and five-year loan prime rates today, with a poll of economists from Reuters expecting that rates will be left unchanged.Wall Street's rallyReuters expecting that the one-year LPR will be held
The one-year LPR acts as the benchmark for most corporate loans, and the five-year LPR serves as a reference rate for mortgages. Investors will also be assessing minutes from the Reserve Bank of Australia's August meeting. At the meeting on Aug. 7, the bank kept its benchmark interest rate at 4.35%, but noted that"inflation remains above target and is proving persistent."The country's consumer sentiment in August retreated from a two year high of 103.6, coming in at 100.8, with South Korean media outletthis was"due to U.S. recession woes and the subsequent stock market rout.
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