China holds hey rates steady

20th Jun 2024 07:47

(Sharecast News) - China left key lending rates unchanged at its monthly fixing, in line with expectations.

The People's Bank of China held its one-year and five-year loan prime rates unchanged at 3.45% and 3.95% respectively.

The one-year LPR is used for most corporate and household loans, while the five-year is benchmarked for property mortgages.

Reporting by Frank Prenesti for Sharecast.com

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