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China Keeps Lending Rates Unchanged

Por: RTTNews Business January 20, 2023

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China left its benchmark lending rates unchanged for the fifth straight month despite the struggling to gain traction.The People's Bank of China on Friday kept its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was maintained at 4.30 percent.Previously, the bank had reduced the five-year LPR rate by 15 basis points each in May and August, and by 5 basis points... + full article



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