Reuters poll shows the PBOC is likely to lower benchmark lending rates (LPR) today

Reuters polling shows (28 traders and analysts surveyed):

  • 11, or 39% of all respondents, predicted a marginal cut of 5 basis points (bps) to both the one-year loan prime rate (LPR) and the five-year rate
  • Another six participants also expect a reduction to either rates within a range of 5 to 10 bps
  • The remaining 11 respondents expected both rates to remain unchanged this month.

The LPR setting is due at 0130 GMT, although it has been earlier.

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