China kept its reference lending rate unchanged on Friday, defying expectations for an interest rate cut to lower borrowing costs for the economy disrupted by the coronavirus pandemic.
The one-year loan prime rate (LPR) was left unchanged at 4.05 per cent from the previous monthly fixing while the five-year LPR remained at 4.75 per cent.
On Monday, the central bank injected 100 billion yuan liquidity via one-year Medium-Term Lending . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- DETAILS MATTER - we bring you details that you won't find elsewhere
- THE WIRE - up-to-the-minute updates of market-moving news and views
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
LIMITED-TIME OFFER - 50% OFF
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In