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 …