ECB minutes in focus as markets price September hike
• The People's Bank of China maintained its Loan Prime Rates (LPRs) overnight, keeping the 1-year rate at 3.0% and the 5-year rate at 3.5%. • This decision aligns with market expectations and follows the stability of the 7-day reverse repo rate, which has seen no recent adjustments. • Economic data shows industrial production grew 1.5% q/q, significantly bolstered by an 11.7% q/q increase in windmill production.
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