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Investors look ahead to China rate decision

From channelnewsasia.com

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on Tuesday - China's interest rate decision. The People's Bank of China is likely to cut its one- and five-year loan prime rate (LPR) lending rates by 10 basis points to 3.55 per cent and 4.20 per cent, respectively, its latest attempt to bolster China's creaking economy and steer it away from deflation. The PBOC earlier this month ... (full story)

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  • Category: Fundamental Analysis