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PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expected

People's Bank of China policy rate setting, no change. As expected. Current LPRs3.55% for the one yearmost new and outstanding loans in China are based on the one-year LPR4.20% for the five yearmost home mortgage rates are based on the five-year--PBOC's Loan Prime Rate (LPR)It is an interest rate benchmark used in China, set by the People's Bank of China each month. The LPR serves as a reference rate for banks when they determine the interest rates for (primarily new) loans issued to their custo... Read More

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Pboc

Loan

Prime

Rates

Lpr

Remain

Unchanged

Today

Rate

Today s

Setting

Expected

Forex

Posted: Jul 20 2023, 01:15

Author Name: forexlive

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