China holds loan prime rates
One-year remains at 3.7% and above five-years at 4.6%
The People’s Bank of China today (March 21) held the loan prime rate (LPR) for the benchmark’s two maturities, despite some signals that authorities are considering easier policy.
The central bank held the one-year and above five-years rates at 3.7% and 4.6%, respectively. The PBoC has kept the rates level since January after reducing them from 3.8% and 4.65%.
Last week, amid a stock market sell-off, Chinese vice-premier Liu He chaired an emergency meeting of the State Council’s Finance
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