Search ForexCrunch

The People’s Bank of China (PBOC) is out with the latest statement, announcing that it has maintained the one-year loan prime rate (LPR) at 3.85% for the 12th straight month at its April fixing.

Meanwhile, the five-year LPR was also left unchanged at 4.65% in April.  The Chinese central bank’s decision met market expectations.

According to the latest  Reuters poll, China is expected to keep the one-year LPR steady until the end of 2021.  

 

more to come …

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.