LPR cuts could bolster commodity futures

On Aug 22, China’s Central Bank cut 1-year LPR by 5 basis points to 3.65% and lowered 5-year or longer tenure LPR by 15 basis points to 4.3%. Earlier on Aug 15, the MLF was reduced by 10 basis points, releasing signals for LPR cuts. And then, LPR was lowered as expected, in a response to weak econom