PBOC keeps benchmark lending rates unchanged, rate cuts likely in the second half of the year

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

China kept its benchmark lending rates unchanged as expected, as rate hikes by global central banks make it difficult for the world's second largest economy to further ease monetary policy to boost a weak domestic economy.

The one-year loan prime rate (LPR) was kept at 3.70%, and the five-year LPR was unchanged at 4.45%, said the People's Bank of China (PBOC) on Monday.

SIGN IN  OR SUBSCRIBE TO GET FULL ACCESS. 

Random and hype-based reporting never gives you a full picture. Focused and systematic reporting does. We track Chinese economy and financial market in a systematic way to help you make intelligent decisions.

Top