PBOC LEAVES LOAN PRIME RATES UNCHANGED, AS EXPECTED
The People's Bank of China announced on Thursday that it maintained the Loan Prime Rate (LPR) unchanged across the time curve, as widely expected. The Chinese central bank maintained the one-year and five-year LPRs steady at 3.45% and 3.95%, respectively. In February, the PBOC lowered the five-year LPR by 25 basis points (bps) from 4.20% to 3.95.
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