China maintained its benchmark lending rates unchanged as expected after the economy showed signs of improvement at the start of the year. At a monthly fixing on Monday, the People's Bank of China kept the one-year loan prime rate at 3.
China lowered its longer-term benchmark lending rate at a slightly sharper than expected pace on Tuesday, in an attempt to support the ailing housing market. The People's Bank of China cut its five-year loan prime rate, the benchmark for mortgage rates, to a record low 3.
China left its benchmark lending rates unchanged on Monday after the central bank maintained its medium-term lending facility rate last week. The People's Bank of China maintained its one-year loan prime rate, or LPR, at 3.
China's central bank maintained its benchmark lending rates on Wednesday after the rate on the medium-term lending facility was kept unchanged last week. The People's Bank of China kept the one-year loan prime rate, or LPR, unchanged at 3.
China's central bank left its benchmark lending rates unchanged on Monday as any additional easing could weaken the currency. As expected, the People's Bank of China kept the one-year loan prime rate, or LPR, unchanged at 3.