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Here is what’s on the economic calendar in Asia today

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Y’all finished trashing stocks? K  …. Ahead on the calendar for Tuesday 20 July 2021, APac trade:

2330 GMT Japan CPI data for June 2021

  • National CPI % y/y, expected -0.1%, prior was -0.1%

  • National CPI excluding Fresh
    Food 0.2% y/y, expected %, prior was 0.1%

  • National CPI excluding Food,
    Energy -0.5% y/y, expected %, prior was -0.2% 

0130 GMT China Loan Prime Rate
monthly setting

  • 1 year LPR expected 3.85%, prior 3.85%. Note, the ‘expected’ is the consensus but the consensus is only a very slim majority this month, there are plenty expecting a small cut (5bps) in the one-year. The People’s Bank of China kept the rate on its most recent medium-term lending facility (MLF) last week unchanged – the MLF rate and how it changes is often looked to as a guide for the LPR. 

  • 5 year LPR expected 4.65%, prior 4.65%

  • The previous, back on June 21, was the 14th month in a row of unchanged for the loan prime rates

0130 GMT – Australia – Minutes of July 2021 Monetary Policy Meeting of the Reserve Bank Board

  • I’ll have more to come on this separately 

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