Economy
China leaves benchmark lending rates unchanged as forecast
People's Bank of China holds 1-year loan prime rate at 3.45%, 5-year rate at 3.95%
Tuba Ongun |
20.05.2024 - Update : 21.05.2024
ANKARA
The People’s Bank of China (PBoC) kept benchmark lending rates constant at record lows on Monday, meeting the market forecast.
The one-year loan prime rate (LPR) – the medium-term lending facility used for most corporate and household loans – was held at 3.45% while the five-year LPR, the peg for mortgages, was left at 3.95%
Last week, the bank held its key policy rate, called the medium-term lending facility rate (MLF), steady.
