PBoC leaves key lending rates unchanged
Chinese central bank pauses monetary easing as yuan falls to two-year lows
The Chinese central bank kept its benchmark lending rates unchanged at its monthly fixing today (September 20).
The People’s Bank of China kept the one-year loan prime rate (LPR) at 3.65%. It also maintained the five-year LPR – a reference for mortgages – at 4.30%.
The central bank’s announcement comes after it kept the rate on one-year medium-term lending facility (MLF) unchanged at 2.75% last week. The markets usually use the MLF rate as a guide to the LPR.
In August, the PBoC lowered key
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