China keeps loan prime rates unchanged
1-year and 5-year rates stay at 3.45% and 3.95%, respectively
By Gokhan Ergocun
ISTANBUL (AA) - The People's Bank of China (PBoC) has decided to keep loan prime rates constant, according to a statement on Monday.
The bank has kept unchanged one-year and five-year loan prime rates at 3.45% and 3.95%, respectively.
The PBoC has lowered the one-year rate from 3.55% in August 2023 and has been keeping the rate at the same level for the last eight monetary policy meetings.
Five-year rate, which was at 4.2% in January 2024, dropped to 3.95% in February, and stayed at the same level for the last two meetings.
Kaynak:
This news has been read 34 times in total
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.