Interest Rate Decision. China, 03:15 (GMT+2)


At 03:15 (GMT+2), China will announce its decision on the base lending rate. The indicator is currently calculated by the National Interbank Finance Center (NIFC). It serves as a benchmark for financial institutions when calculating the loan interest and is formed based on rates with two loan maturities: one year and over five years. If officials raise the rate from the current 3.70% in April, this will be positive (“bullish”) for the yuan.





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