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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 in August: PBOC Loan Prime Rates (LPR) CUT: 1-year 3.45% (prior 3.55%) & 5-year 4.2% (prior 4.20%)The 1-year and the 5-year were both left unchanged in September ---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 when they determi... Read More

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Posted: Oct 20 2023, 01:16

Author Name: forexlive

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