Upcoming economic events 22 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:15		2 points	China Loan Prime Rate 5Y (Jul)	3.95%	3.95%
01:15		2 points	PBoC Loan Prime Rate	3.45%	3.45%
10:00		2 points	Eurogroup Meetings	———	———

Summary of Upcoming Economic Events on July 22, 2024

1. China Loan Prime Rate 5Y (Jul): Interest rate for five-year loans set by the People’s Bank of China (PBoC). Forecast: 3.95%, Previous: 3.95%.
2. PBoC Loan Prime Rate (Jul): Benchmark interest rate for one-year loans set by the PBoC. Forecast: 3.45%, Previous: 3.45%.
3. Eurogroup Meetings: Discussions by Eurozone finance ministers on economic policies.

Market Impact Analysis

• China Loan Prime Rate 5Y: Stability in the five-year loan rate indicates consistent monetary policy; changes could signal shifts in economic strategy, impacting the yuan (CNY) and Chinese financial markets.
• PBoC Loan Prime Rate: Stability in the one-year loan rate suggests steady monetary policy; any adjustments could influence borrowing costs and economic activity in China.
• Eurogroup Meetings: Expected discussions maintain stability; unexpected outcomes or policy changes could affect the euro (EUR) and Eurozone markets.

Overall Impact

• Volatility: Low to moderate, primarily influenced by any surprises from the Eurogroup Meetings or unexpected changes in China’s loan prime rates.
• Impact Score: 4/10, indicating a relatively low potential for market movements.