
At 03:15 (GMT+2) a decision on the base lending rate will be announced in China. Currently, the indicator is calculated by the National Interbank Finance Center (NIFC) and serves as a guide for financial institutions when calculating the lending percentage and is based on rates with two loan repayment terms: one year and over five years. If officials lower the rate again from the current 3.45%, it will be a bearish factor for the yuan.

