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China Keeps Lending Rates Unchanged As Expected

Por: RTTNews Business October 20, 2023

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The People's Bank of China left its benchmark rates unchanged on Friday, as widely expected, after the economic growth exceeded expectations leaving the back on the track to achieve the target. The Chinese central bank maintained its one-year loan prime rate, or LPR, at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was left unchanged at 4.20 percent.The one-year LPR was last reduced by 10 basis points in... + full article



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