China PBOC Keeps Loan Prime Rate Unchanged

China's central bank kept its benchmark loan prime rate unchanged on Wednesday.

The one-year LPR remained at 3.85% and five-year LPR at 4.65%, the bank said.

The last time the central bank cut the LPR was April last year when the economy was hit by the pandemic shock.

Central bank officials signalled in a briefing last week that the bank may not significantly loosen monetary policy for the remainder of the year.

Write to Singapore editors at singaporeeditors@dowjones.com

China's central bank kept its benchmark loan prime rate unchanged on Wednesday.

The one-year LPR remained at 3.85% and five-year LPR at 4.65%, the bank said.

The last time the central bank cut the LPR was April last year when the economy was hit by the pandemic shock.

Central bank officials signalled in a briefing last week that the bank may not significantly loosen monetary policy for the remainder of the year.

Write to Singapore editors at singaporeeditors@dowjones.com


  (END) Dow Jones Newswires
  10-19-21 2217ET
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