Hosted on MSN23d
China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
The People's Bank of China held the 1-year loan prime rate unchanged at 3.1%, and the 5-year LPR at 3.6%. The benchmark lending rates, normally charged to banks' best clients, are calculated ...
PBOC sets USD/CNY reference rate at 7.1728 vs. 7.1696 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1728 as ...
In balancing risks and rewards, China set to leave lending rates unchanged in Feb
China is expected to leave its benchmark lending rates unchanged on Thursday, a Reuters poll showed, as authorities walk a fine line between prioritising financial stability and providing more ...
Reuters23d
China leaves benchmark lending rates unchanged as expected in Feb
The one-year loan prime rate (LPR) was kept at 3.10%, while the five-year LPR was unchanged at 3.60%. In a Reuters poll of 30 market participants conducted this week, all of them expected no ...
NBC 10 Philadelphia24d
China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
The LPRs — normally charged to banks' best clients — are calculated monthly based on designated commercial banks' proposed rates submitted to the PBOC. The one-year LPR influences corporate ...
NBC New York24d
China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
China could cut its main policy rate as soon as next month following the country's annual parliamentary meeting, economists told CNBC, after the country's central bank kept the loan prime rates ...