Chinese banks hold lending rates following PBOC’s caution
Chinese banks hold lending rates following PBOC’s caution
20/6/2024 6:18

Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers’ space for easing.

The one-year loan prime rate was kept at 3.45%, according to a statement from the People’s Bank of China on Thursday, in line with most economists surveyed by Bloomberg.

Source: Bloomberg

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