20 Articles
20 Articles
China has kept the main interest rates on loans unchanged for the 16th consecutive month, as exports continue to grow and some economic indicators improve, while an expert is of the view that low lending levels reduce the need to reduce them.
Shanghai (China), 20 Sep (EFE).- The People's Bank of China (BPC, central bank) announced this Sunday that it will maintain its reference interest rate at 3% for the seventeenth consecutive month, thus meeting the most widespread forecasts among analysts, which did not anticipate any change. In the monthly update that it disclosed on its official website, the institution indicated that the credit reference rate (LPR) to one year will remain at t…
China has frozen the Loan Prime Rate (LPR) for the 16th consecutive month. In China, the LPR effectively serves as the benchmark interest rate, and the stance of freezing the rate was maintained as expected by the market. On the 20th, the People's Bank of China, the country's central bank, announced that it would maintain the 1-year LPR, which serves as the benchmark for general loans, at 3.0%, and the 5-year LPR, which serves as the benchmark f…
(Beijing=Yonhap News) Correspondent Jung Sung-jo = China maintained its stance of freezing the Loan Prime Rate (LPR), which serves as the de facto benchmark interest rate, for the 16th consecutive month, as expected by the market...
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