Tag Archives: People’s Bank of China
PBOC Holds Rates Steady, Disappointing Market Expectations of Further Easing and Sparking Broad Selloffs

The People’s Bank of China (PBoC) decided to keep its lending rates stable in the January setting. The medium-term lending facility, known as the one-year loan prime rate (LPR), used for corporate and personal loans, stayed at a historic low of 3.45% for the fifth month in a row. The five-year rate, a benchmark for […]