Eyes on China’s Loan Prime Rate as potential reductions may ‘spur’ its economy

CommSec’s Craig James says many people are watching for what China’s Loan Prime Rate will be as potential reductions may “spur” its economy. Mr James joined Sky News Australia to give the latest on the markets, saying the upcoming week was going to be “fairly quiet”. “One thing to watch out for later today is the loan prime rates out of China. “See whether we get some reductions in interest rates to spur on the Chinese economy. “The Aussie dollar’s near 66 US cents.” Presented by CommSec. Via news.com.au — Australia’s leading news site https://www.news.com.au