Chinese Banks Keep Lending Rates Unchanged After PBOC’s Pause
The People's Bank of China (PBOC) building in Beijing.
Source: Andrea Verdelli/BloombergThis article is for subscribers only.
Chinese banks kept their benchmark lending rates unchanged on Thursday, in line with the central bank’s move earlier this week as policymakers assess the economy’s recovery.
The one-year loan prime rate was held at 3.55%, in line with the forecasts from all 21 economists surveyed by Bloomberg. The five-year rate, a reference for mortgages, was also kept at 4.2%, as expected, data from the People’s Bank of China showed.