PBOC keeps one-year loan prime rate unchanged at 3.85%

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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 …

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