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China held its one-year loan prime rate (LPR), the People’s Bank of China (PBOC) said on Friday, but cut the five-year LPR used as a reference for mortgages.
The Bank of Canada (BoC) interest rate decision may drag on USD/CAD as the central bank is expected to deliver its third rate hike in 2022.
Canadian CPI rose 1% month on month in February to print at 5.7%, beating estimates of 5.5%. Bank of Canada to hike in April
China cut its one-year loan prime rate (LPR) on Monday for the firs time since April 2020 amid mounting economic pressures.