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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina PBoC 1-Year MLF Announcement held to 2.0% in October 2024
FMPMonthlyReleased November 2024
China PBoC 1-Year MLF Announcement held to 2.0% in October 2024, released November 2024. The reading matched the 2.0% consensus.
Latest Release
2.000000
Actual
2.000000
Consensus
2.000000
Previous
Median Absolute Error
±0 percentage points
across last 12 releases
Last Call
Nov 2024
Predicted: 2
Actual: 2
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CNY | ▼ Inverse | −0.50 | FOREX | Bullish CNY | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PBoC 1-Year MLF Announcement (China) was reported at 2% in November 2024. This matched the market consensus of 2% exactly. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 2%, down from the prior three at 2.43%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CNY (Bullish CNY). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Loan Prime Rate 5Y (Jun 22) and Loan Prime Rate 1Y (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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PBoC 1-Year MLF Announcement - CN
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About PBoC 1-Year MLF Announcement — China
DEFINITION
The PBoC 1-Year MLF Announcement is a financial indicator that refers to the People's Bank of China's announcement of the 1-year Medium-term Lending Facility (MLF) interest rate. This rate is a key benchmark for short-term borrowing costs in China and is closely monitored by investors and financial institutions for its impact on the overall economy. The announcement provides valuable insights into the PBoC's monetary policy and can influence market sentiment and investment decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2024): actual 2 %, consensus 2 %. Prior reading (Oct 2024): 2 %. Before that (Sep 2024): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.