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PBOC keeps one-year, five-year LPR unchanged
In its monetary policy decision, unveiled early Tuesday, the People’s Bank of China (PBOC) keeps one-year and five-year Loan Prime Rate (LPR) unchanged at 3.65% and 4.30% respectively.
It should be noted that the PBOC keeps 7-day and 14-day reverse repos unchanged at 2.0% and 2.15% respectively.
Also read: PBOC sets USD/CNY reference rate at 6.9468 on Tuesday
AUD/USD pares recent gains
The news failed to impress AUD/USD traders as the Aussie pair extends pulback from the intrday high towards 0.6700 following the PBOC announcements. In doing so, the Aussie pair seems to wait for the Monetary Policy Meeting Minutes from the Reserve Bank of Australia (RBA).
Also read: AUD/USD prints three-day uptrend past 0.6700 with eyes on RBA Minutes, central banks
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