News Snapshot:
Earlier: [China Q4 2021 GDP 1.6% q/q and 4.0% y/y] [China 'activity data' for December 2021: Industrial output beats, retail sales miss] Also from China today: [China recap - PBOC rate cuts] ---- Head of the NBS saying room for more rate cuts. On Thursday this week, 20 January, we get 1 year and 5 year Loan Prime Rates set. A cut to the MLF will be seen as an indication the LPR rates too could see a cut.
