Chinese Banks Hold Lending Rates Following PBOC’s Caution
- Both the one-year and five-year prime rates stay the same
- PBOC’s Pan earlier stoked speculation LPR would fall soon
This article is for subscribers only.
Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers’ space for easing.
The one-year loan prime rate was kept at 3.45%, according to a statement from the People’s Bank of China on Thursday, in line with most economists surveyed by Bloomberg.