(Finance) – China keeps reference rates unchanged as the economy recovers. This is a decision widely awaited by the market.
The People’s Bank of China announced that it has left the 1-year and 5-year loan prime rate (LPR) financing rates unchanged at 3.45% and 4.20% respectively.
LPR rates are the rates that banks refer to to determine the interest rates on the loans they provide to their customers.