China's central bank keeps key rates unchanged - Breaking The News

China's central bank keeps key rates unchanged

20 March

1 min read

EPA/PETER TREBITSCH

The People's Bank of China (PBoC) kept its benchmark interest rates unchanged on Thursday, matching market expectations.

The 1-year Loan Prime Rate (LPR), which influences corporate loans and the 5-year LPR, which serves as a benchmark for mortgage rates, thus remained at 3.10% and 3.60%, respectively.

PBoC's decision came after the United States Federal Reserve held benchmark interest rates steady.

monetary policy interest rates pboc

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