Asia-Pacific Markets Set to Fall as Investors Weigh Concerns Over Fed Hikes
China is set to release its loan prime rates on Monday, and
Majority of analysts predicted the one-year benchmark lending rate to be lowered by 10 basis points, while they expected the five-year LPR to be cut by more than 10 basis points.The one-year LPR is currently at 3.7% after a cut in January, and the five-year rate is at 4.45%. China cut the five-year LPR by 15 basis points in May, in a move that was said to support housing demand.
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