PBoC leaves key lending rates unchanged

People’s Bank of China

The Chinese central bank kept its benchmark lending rates unchanged at its monthly fixing today (September 20).

The People’s Bank of China kept the one-year loan prime rate (LPR) at 3.65%. It also maintained the five-year LPR – a reference for mortgages – at 4.30%.

The central bank’s announcement comes after it kept the rate on one-year medium-term lending facility (MLF) unchanged at 2.75% last week. The markets usually use the MLF rate as a guide to the LPR.

In August, the PBoC lowered key

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