PBoC keeps lending rates unchanged
Analysts expect central bank to cut key lending rates in coming months to support property sector
China’s central bank kept its benchmark lending rates unchanged for the fourth consecutive month on December 20.
The People’s Bank of China kept the one-year loan prime rate (LPR) at 3.65%, while holding the five-year LPR – a reference for mortgage rates – at 4.3%. The central bank last cut both rates in August to boost the economy.
The decision came after the PBoC kept the interest rate on the one-year medium-term lending facility (MLF) unchanged at 2.75% for the fourth month last week, while
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