China keeps interest rates steady, meeting forecasts

ANKARA

The People’s Bank of China (PBoC) on Monday held its benchmark interest rates constant for the seventh straight month, widely meeting expectations.

The one-year loan prime rate (LPR) – the medium-term lending facility uses for corporate and household loans – was left unchanged at 3.65%, the central bank said in a release on Monday.

It kept the five-year LPR, a reference for mortgages, steady at 4.3%.

The bank last week hold its medium-term lending facility loans unchanged at 2.75%.

Last Thursday, the PBoC lowered the reserve requirement ratio for financial institutions by 25 basis points, with an immediate effect.

China's annual consumer inflation fell to a year low of 1% in February, down from 2.1% in January, according to the latest data from the National Bureau of Statistics.

On a monthly basis, China's consumer prices index unexpectedly fell 0.5% in February, bucking the market estimate of 0.2% growth.

ANKARA

The People’s Bank of China (PBoC) on Monday held its benchmark interest rates constant for the seventh straight month, widely meeting expectations.

The one-year loan prime rate (LPR) – the medium-term lending facility uses for corporate and household loans – was left unchanged at 3.65%, the central bank said in a release on Monday.

It kept the five-year LPR, a reference for mortgages, steady at 4.3%.

The bank last week hold its medium-term lending facility loans unchanged at 2.75%.

Last Thursday, the PBoC lowered the reserve requirement ratio for financial institutions by 25 basis points, with an immediate effect.

China's annual consumer inflation fell to a year low of 1% in February, down from 2.1% in January, according to the latest data from the National Bureau of Statistics.

On a monthly basis, China's consumer prices index unexpectedly fell 0.5% in February, bucking the market estimate of 0.2% growth.