The 1-year and 5-year loan prime rates were unchanged at 3% and 3.5% respectively. The 1-year rate acts as a benchmark for new loans, while the 5-year influences mortgage rates. The decision comes ...
The People’s Bank of China (PBoC) kept its benchmark lending rates at historic lows for the seventh month in a row this December. The one-year Loan Prime Rate (LPR), which serves as the primary ...
China's central bank opted to keep its key lending benchmarks unchanged for a sixth consecutive month in November, in line with market expectations, reinforcing expectations of a cautious monetary ...
By Shi Bu and Kevin Yao BEIJING, Feb 13 (Reuters) - China’s new bank lending jumped in January from the previous month but ...
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China keeps benchmark lending rates steady for a seventh straight month despite weak economic data
China's central bank kept its loan prime rates steady on Monday, even as the world's second largest economy has seen weak economic data and an extended slump in its property sector. The People's Bank ...
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