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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. LPRs left at:3.45% for the one year4.20% for the five yearThe 1 year rate was cut last month: PBOC Loan Prime Rates (LPR) CUT: 1-year 3.45% (prior 3.55%) & 5-year 4.2% (prior 4.20%)the 5-year was left unchanged, which came as a surprise to most in the market ---The PBOC's Loan Prime Rate (LPR):Its 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 w... Read More

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Pboc

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Prime

Rates

Lpr

Remain

Unchanged

Today

Rate

Today s

Setting

Expected

Forex

Posted: Sep 20 2023, 01:15

Author Name: forexlive

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