PBOC unexpectedly kept benchmark lending rates LPR unchanged for third consecutive month
PBOC unexpectedly kept benchmark lending rates LPR unchanged for third consecutive month

PBOC unexpectedly kept benchmark lending rates LPR unchanged for third consecutive month

 

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China’s central bank maintained the benchmark lending rate unchanged for the third consecutive month in April, indicating the authority's increasing cautions as rate hikes in major economies and a weaker yuan shrinking the scope for further monetary easing.

The one-year loan prime rate (LPR), which is calculated on quotes from more than a dozen state-owned and foreign funded banks, was left unchanged at 3.7%, while the five-year LPR, which . . .

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